eBay Inc. (NASDAQ:EBAY) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,306 shares of the e-commerce company’s stock after selling 175 shares during the quarter. Anchor Investment Management LLC’s holdings in eBay were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 310 shares during the period. Royal London Asset Management Ltd. grew its stake in shares of eBay by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 209,264 shares of the e-commerce company’s stock valued at $9,128,000 after buying an additional 4,093 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of eBay by 152.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 74,589 shares of the e-commerce company’s stock valued at $3,254,000 after acquiring an additional 44,985 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of eBay by 496.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 80,263 shares of the e-commerce company’s stock valued at $3,501,000 after acquiring an additional 66,798 shares in the last quarter. Finally, CenterBook Partners LP lifted its holdings in shares of eBay by 23.5% during the 4th quarter. CenterBook Partners LP now owns 13,134 shares of the e-commerce company’s stock valued at $573,000 after acquiring an additional 2,499 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EBAY. Deutsche Bank Aktiengesellschaft lifted their target price on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. began coverage on shares of eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price on the stock. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Susquehanna boosted their price objective on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Truist Financial boosted their price objective on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.67.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $66.29 on Friday. The stock has a market capitalization of $33.28 billion, a P/E ratio of 13.21, a P/E/G ratio of 2.45 and a beta of 1.32. The firm’s 50-day moving average price is $59.76 and its two-hundred day moving average price is $54.99. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $66.47. 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 (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. As a group, sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently disclosed 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 1.63%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was 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 insiders.

eBay Company 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.