Rothschild Investment LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Rothschild Investment LLC bought a new position in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,755 shares of the e-commerce company’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC boosted its stake in shares of eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after purchasing an additional 202 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after purchasing an additional 219 shares during the period. Banco Santander S.A. lifted its stake in eBay by 2.1% in the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock worth $609,000 after acquiring an additional 236 shares during the period. Tempus Wealth Planning LLC lifted its stake in eBay by 3.1% in the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after acquiring an additional 254 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in eBay by 41.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock worth $47,000 after acquiring an additional 258 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of research analyst reports. Susquehanna raised their price target on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Citigroup raised their price target on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group raised their price target on eBay from $38.00 to $46.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Evercore ISI increased their price objective on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. Finally, Daiwa America upgraded eBay to a “hold” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.65.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $58.95 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $59.85. The company has a market capitalization of $29.59 billion, a PE ratio of 11.74, a PEG ratio of 2.30 and a beta of 1.31. The business has a fifty day moving average price of $55.46 and a 200-day moving average price of $52.71.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.83%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Activity at eBay

In related news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at $220,324.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other eBay news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

eBay Profile

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.