eBay Inc. (NASDAQ:EBAY) Shares Acquired by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. boosted its position in eBay Inc. (NASDAQ:EBAY) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,396 shares of the e-commerce company’s stock after buying an additional 1,130 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in eBay were worth $913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Lombard Odier Asset Management Europe Ltd purchased a new position in eBay in the second quarter valued at about $232,000. Evergreen Capital Management LLC grew its position in shares of eBay by 1.9% during the second quarter. Evergreen Capital Management LLC now owns 108,565 shares of the e-commerce company’s stock worth $5,832,000 after buying an additional 2,033 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of eBay by 53.9% in the second quarter. Public Sector Pension Investment Board now owns 17,855 shares of the e-commerce company’s stock worth $959,000 after buying an additional 6,256 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in eBay in the second quarter valued at $71,593,000. Finally, Fidelis Capital Partners LLC raised its holdings in eBay by 6.9% in the second quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company’s stock valued at $205,000 after acquiring an additional 240 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

EBAY opened at $63.45 on Tuesday. The business has a 50 day moving average price of $57.78 and a two-hundred day moving average price of $54.19. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $31.85 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $64.96.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. eBay’s payout ratio is currently 21.51%.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EBAY shares. Bank of America boosted their target price on shares of eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. started coverage on shares of eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wolfe Research initiated coverage on eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $64.00 price target (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.90.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.