United Capital Financial Advisers LLC Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

United Capital Financial Advisers LLC grew its position in eBay Inc. (NASDAQ:EBAY) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,538 shares of the e-commerce company’s stock after buying an additional 827 shares during the period. United Capital Financial Advisers LLC’s holdings in eBay were worth $1,302,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sawyer & Company Inc boosted its position in shares of eBay by 515.4% during the 2nd quarter. Sawyer & Company Inc now owns 400 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 335 shares during the period. Capital Analysts LLC boosted its position in shares of eBay by 115.3% during the 2nd quarter. Capital Analysts LLC now owns 394 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 211 shares during the period. Financial Insights Inc. purchased a new position in shares of eBay during the 2nd quarter worth approximately $29,000. First PREMIER Bank purchased a new position in shares of eBay during the 2nd quarter worth approximately $35,000. Finally, Twin Tree Management LP boosted its position in shares of eBay by 100.1% during the 2nd quarter. Twin Tree Management LP now owns 549 shares of the e-commerce company’s stock worth $39,000 after purchasing an additional 416,820 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

Shares of eBay stock opened at $75.97 on Thursday. eBay Inc. has a 1 year low of $45.36 and a 1 year high of $77.83. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market capitalization of $49.38 billion, a P/E ratio of 4.05, a PEG ratio of 2.10 and a beta of 1.10. The company’s fifty day moving average is $73.30 and its two-hundred day moving average is $67.76.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, August 11th. The e-commerce company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.16. eBay had a net margin of 115.40% and a return on equity of 38.34%. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm posted $1.02 EPS. As a group, equities analysts expect that eBay Inc. will post 3.24 earnings per share for the current year.

eBay announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to reacquire up to 6.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Wednesday, September 1st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, August 31st. eBay’s payout ratio is currently 24.57%.

In other news, CAO Brian J. Doerger sold 14,584 shares of eBay stock in a transaction dated Friday, August 13th. The shares were sold at an average price of $73.49, for a total value of $1,071,778.16. Following the sale, the chief accounting officer now owns 21,159 shares of the company’s stock, valued at $1,554,974.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Pete Thompson sold 1,394 shares of eBay stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $74.89, for a total transaction of $104,396.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,998 shares of company stock worth $5,892,419. Insiders own 0.21% of the company’s stock.

EBAY has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of eBay from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 27th. Credit Suisse Group increased their target price on shares of eBay from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, August 9th. Benchmark increased their target price on shares of eBay from $79.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 12th. Barclays increased their target price on shares of eBay from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, August 12th. Finally, Mizuho increased their target price on shares of eBay from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 12th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $73.05.

eBay Company Profile

eBay, Inc operates as a commerce company. The company platforms include online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. The company technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.

Featured Article: What is a resistance level?

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.