Creative Planning Increases Holdings in eBay Inc. (NASDAQ:EBAY)

Creative Planning boosted its position in eBay Inc. (NASDAQ:EBAY) by 7.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 62,415 shares of the e-commerce company’s stock after purchasing an additional 4,187 shares during the period. Creative Planning’s holdings in eBay were worth $3,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of EBAY. Van ECK Associates Corp increased its stake in shares of eBay by 25.0% in the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after acquiring an additional 17,143 shares during the period. SteelPeak Wealth LLC grew its position in eBay by 42.3% during the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock worth $3,042,000 after purchasing an additional 17,140 shares during the period. Cetera Investment Advisers raised its stake in shares of eBay by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares during the last quarter. PGGM Investments lifted its holdings in shares of eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC boosted its stake in shares of eBay by 435.2% in the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after buying an additional 29,624 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

eBay stock opened at $66.29 on Friday. The company has a fifty day simple moving average of $59.76 and a 200-day simple moving average of $54.99. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 2.45 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $66.47.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. On average, equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared 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 was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. eBay’s dividend payout ratio is presently 21.51%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday. Bank of America lifted their target price on shares of eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Piper Sandler reissued an “overweight” rating and set a $64.00 price target (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Truist Financial upped their price objective on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.67.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company 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.