Trust Investment Advisors Buys New Stake in eBay Inc. (NASDAQ:EBAY)

Trust Investment Advisors purchased a new position in eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,038 shares of the e-commerce company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Brighton Jones LLC boosted its position in shares of eBay by 9.5% in the 2nd quarter. Brighton Jones LLC now owns 7,485 shares of the e-commerce company’s stock worth $402,000 after purchasing an additional 650 shares in the last quarter. ProVise Management Group LLC raised its stake in eBay by 10.9% in the second quarter. ProVise Management Group LLC now owns 129,366 shares of the e-commerce company’s stock valued at $6,950,000 after buying an additional 12,669 shares during the last quarter. Leuthold Group LLC acquired a new stake in eBay in the second quarter worth about $280,000. WCG Wealth Advisors LLC grew its stake in shares of eBay by 14.1% during the second quarter. WCG Wealth Advisors LLC now owns 40,427 shares of the e-commerce company’s stock worth $2,172,000 after acquiring an additional 4,998 shares during the last quarter. Finally, Sienna Gestion purchased a new stake in shares of eBay during the second quarter worth about $7,253,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EBAY has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Evercore ISI raised their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. Susquehanna boosted their price objective on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America lifted their price target on eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.90.

Insider Transactions at eBay

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

eBay Stock Up 0.1 %

EBAY stock opened at $63.22 on Friday. eBay Inc. has a one year low of $37.17 and a one year high of $64.96. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average is $57.41 and its 200 day moving average is $53.95. The firm has a market cap of $31.74 billion, a PE ratio of 12.59, a P/E/G ratio of 2.35 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 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 firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. On average, research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is 21.51%.

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.