Thrivent Financial for Lutherans Buys 156,022 Shares of eBay Inc. (NASDAQ:EBAY)

Thrivent Financial for Lutherans increased its stake in eBay Inc. (NASDAQ:EBAY) by 8.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,035,790 shares of the e-commerce company’s stock after acquiring an additional 156,022 shares during the period. Thrivent Financial for Lutherans owned about 0.41% of eBay worth $109,363,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay during the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC grew its stake in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of eBay in the second quarter worth about $29,000. Washington Trust Advisors Inc. bought a new stake in shares of eBay in the 1st quarter valued at about $30,000. Finally, LRI Investments LLC purchased a new stake in eBay during the 1st quarter valued at about $29,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $62.72 on Friday. The business has a 50-day moving average price of $57.58 and a 200-day moving average price of $54.04. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $64.96. 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 announced its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. As a group, equities research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.72%. eBay’s payout ratio is currently 21.51%.

Analyst Ratings Changes

A number of equities analysts have commented on EBAY shares. Jefferies Financial Group lifted their price target on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. initiated coverage on shares of eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price target for the company. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Cantor Fitzgerald initiated coverage on shares of eBay in a research report on Thursday, September 5th. They issued a “neutral” rating and a $62.00 price objective on the stock. Finally, Susquehanna increased their target price on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. 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. According to MarketBeat, eBay has an average rating of “Hold” and an average price target of $56.90.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the firm’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 value of $256,760.14. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $4,494,918.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were 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 $4,530,000.93. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

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.