Isthmus Partners LLC Trims Stake in eBay Inc. (NASDAQ:EBAY)

Isthmus Partners LLC lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 243,343 shares of the e-commerce company’s stock after selling 2,243 shares during the quarter. Isthmus Partners LLC’s holdings in eBay were worth $131,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EBAY. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 4,524,934 shares during the last quarter. M&G Plc acquired a new position in eBay in the first quarter valued at $97,557,000. Swedbank AB purchased a new stake in shares of eBay in the first quarter valued at about $73,777,000. Norges Bank acquired a new stake in shares of eBay during the fourth quarter worth about $53,019,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after buying an additional 1,141,288 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

eBay Trading Up 0.1 %

NASDAQ:EBAY traded up $0.08 on Friday, reaching $59.20. The stock had a trading volume of 5,032,137 shares, compared to its average volume of 5,530,579. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $59.85. The company has a market cap of $29.72 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.30 and a beta of 1.31. The firm’s fifty day moving average is $55.69 and its two-hundred day moving average is $52.87. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.82%. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Susquehanna upped their price objective on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Cantor Fitzgerald assumed coverage on eBay in a research note on Thursday. They set a “neutral” rating and a $62.00 price target for the company. Wolfe Research began coverage on shares of eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Evercore ISI upped their price objective on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Finally, Truist Financial lifted their target price on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.90.

About eBay

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.