eBay Inc. (NASDAQ:EBAY) Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,062 shares of the e-commerce company’s stock after selling 1,539 shares during the period. Drucker Wealth 3.0 LLC’s holdings in eBay were worth $809,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Formidable Asset Management LLC boosted its holdings in eBay by 12.3% in the 4th quarter. Formidable Asset Management LLC now owns 4,929 shares of the e-commerce company’s stock worth $305,000 after buying an additional 539 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in eBay in the 4th quarter worth approximately $31,000. WCG Wealth Advisors LLC lifted its stake in eBay by 5.7% in the 4th quarter. WCG Wealth Advisors LLC now owns 42,982 shares of the e-commerce company’s stock worth $2,663,000 after purchasing an additional 2,305 shares in the last quarter. Vise Technologies Inc. lifted its stake in eBay by 131.0% in the 4th quarter. Vise Technologies Inc. now owns 13,772 shares of the e-commerce company’s stock worth $853,000 after purchasing an additional 7,810 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in eBay in the 4th quarter worth approximately $27,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 92,895 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the sale, the senior vice president now owns 123,282 shares of the company’s stock, valued at approximately $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 280,650 shares of company stock valued at $19,637,729 over the last quarter. 0.64% of the stock is owned by company insiders.

eBay Stock Down 0.3%

Shares of NASDAQ EBAY opened at $71.92 on Friday. The firm has a market cap of $33.16 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.22 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52-week low of $51.38 and a 52-week high of $72.94. The business’s 50 day moving average is $67.15 and its two-hundred day moving average is $65.85.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. Research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, May 30th. eBay’s payout ratio is 27.62%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EBAY shares. Piper Sandler raised their target price on shares of eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Sanford C. Bernstein lowered shares of eBay from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. BMO Capital Markets raised their target price on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Cantor Fitzgerald raised their target price on shares of eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Robert W. Baird raised their target price on shares of eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $67.42.

eBay Company 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.