Hobbs Group Advisors LLC Buys Shares of 533 eBay Inc. (NASDAQ:EBAY)

Hobbs Group Advisors LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 533 shares of the e-commerce company’s stock, valued at approximately $29,000.

Several other institutional investors have also added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay in the 2nd quarter worth $26,000. LRI Investments LLC purchased a new position in shares of eBay in the 1st quarter worth $29,000. Washington Trust Advisors Inc. purchased a new position in shares of eBay in the 1st quarter worth $30,000. Jones Financial Companies Lllp boosted its stake in shares of 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 buying an additional 310 shares during the last quarter. Finally, American National Bank boosted its stake in shares of eBay by 200.0% in the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,488 shares of company stock valued at $565,910 over the last quarter. 0.38% of the stock is owned by corporate insiders.

eBay Trading Up 1.2 %

NASDAQ:EBAY traded up $0.71 during midday trading on Wednesday, hitting $57.65. The stock had a trading volume of 1,267,032 shares, compared to its average volume of 5,607,854. eBay Inc. has a one year low of $37.17 and a one year high of $57.74. The company has a market capitalization of $28.94 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 2.58 and a beta of 1.31. The stock has a 50-day moving average of $54.33 and a 200 day moving average of $51.51. The company has a quick ratio of 1.99, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid 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 1.87%. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EBAY shares. The Goldman Sachs Group lifted their target price on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. Wells Fargo & Company cut their price target on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Wolfe Research began coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Benchmark boosted their price target on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley boosted their price target on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $56.65.

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.