eBay Inc. (NASDAQ:EBAY) Shares Sold by AdvisorShares Investments LLC

AdvisorShares Investments LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 16.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,084 shares of the e-commerce company’s stock after selling 1,816 shares during the quarter. AdvisorShares Investments LLC’s holdings in eBay were worth $479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. M&G Plc acquired a new position in shares of eBay during the 1st quarter valued at $97,557,000. Swedbank AB bought a new stake in shares of eBay in the 1st quarter worth $73,777,000. LSV Asset Management lifted its holdings in shares of eBay by 22.2% in the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after buying an additional 1,216,885 shares during the period. Finally, Norges Bank bought a new position in eBay during the fourth quarter valued at about $53,019,000. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EBAY. Wells Fargo & Company dropped their price target on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. assumed coverage on shares of eBay in a report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price on the stock. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a report on Monday. Wolfe Research assumed coverage on shares of eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Evercore ISI increased their price objective on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.90.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

eBay Trading Up 0.8 %

Shares of eBay stock opened at $60.73 on Thursday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $60.83. The company’s fifty day simple moving average is $56.13 and its 200-day simple moving average is $53.27. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 2.31 and a beta of 1.32. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.78%. eBay’s dividend payout ratio is 21.51%.

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.