Blair William & Co. IL Sells 1,191 Shares of eBay Inc. (NASDAQ:EBAY)

Blair William & Co. IL lowered its position in eBay Inc. (NASDAQ:EBAY) by 4.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 28,125 shares of the e-commerce company’s stock after selling 1,191 shares during the period. Blair William & Co. IL’s holdings in eBay were worth $1,511,000 as of its most recent filing with the SEC.

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

eBay Stock Performance

NASDAQ:EBAY opened at $63.45 on Tuesday. The stock has a 50-day moving average price of $57.78 and a 200 day moving average price of $54.19. The stock has a market capitalization of $31.85 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.35 and a beta of 1.32. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $64.96. The company has a current ratio of 1.25, a quick 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities research analysts forecast 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 of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.70%. eBay’s payout ratio is currently 21.51%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Susquehanna upped their price target on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price objective on shares of eBay in a research note on Monday. Robert W. Baird upped their target price on eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Wolfe Research began coverage on eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $56.90.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,974 shares of the 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 sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction 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 in the company, valued at $4,494,918.12. The transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $64.61, for a total transaction 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 $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.