Measured Wealth Private Client Group LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Measured Wealth Private Client Group LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,466 shares of the e-commerce company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Vanguard Group Inc. lifted its position 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 acquiring an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares during the period. Mirova US LLC grew its stake in shares of eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after acquiring an additional 189,505 shares in the last quarter. Victory Capital Management Inc. increased its position in eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after purchasing an additional 530,941 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EBAY. TD Cowen increased their target price on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird dropped their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Susquehanna raised their price target on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.05.

eBay Price Performance

EBAY stock opened at $57.51 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50-day simple moving average of $63.00 and a two-hundred day simple moving average of $56.67. The company has a market capitalization of $28.87 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $67.80.

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, hitting the consensus estimate of $0.88. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.88%. eBay’s payout ratio is 21.51%.

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s 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 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock worth $2,678,424 over the last quarter. Insiders own 0.38% of the company’s stock.

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.