Hudson Capital Management LLC decreased its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,830 shares of the e-commerce company’s stock after selling 564 shares during the period. eBay makes up approximately 1.6% of Hudson Capital Management LLC’s holdings, making the stock its 22nd biggest position. Hudson Capital Management LLC’s holdings in eBay were worth $5,721,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Procyon Advisors LLC grew its position in eBay by 100.7% in the 2nd quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock worth $2,293,000 after purchasing an additional 15,449 shares during the last quarter. Marvin & Palmer Associates Inc. bought a new position in eBay in the 1st quarter worth about $2,958,000. Optas LLC grew its position in eBay by 99.0% in the 2nd quarter. Optas LLC now owns 67,974 shares of the e-commerce company’s stock worth $5,061,000 after purchasing an additional 33,814 shares during the last quarter. Assenagon Asset Management S.A. grew its position in eBay by 0.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company’s stock worth $3,596,000 after purchasing an additional 246 shares during the last quarter. Finally, IFP Advisors Inc grew its position in eBay by 59.6% in the 1st quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company’s stock worth $261,000 after purchasing an additional 1,440 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.
eBay Stock Up 0.9%
EBAY stock opened at $89.36 on Tuesday. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. The firm has a market cap of $40.84 billion, a PE ratio of 19.68, a P/E/G ratio of 2.13 and a beta of 1.31. The firm has a 50 day simple moving average of $92.99 and a 200 day simple moving average of $79.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.
eBay Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 29th. eBay’s dividend payout ratio is 25.55%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on EBAY shares. BMO Capital Markets raised shares of eBay from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $70.00 to $102.00 in a research note on Thursday, July 31st. President Capital raised shares of eBay from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $103.00 in a research note on Friday, September 19th. Mizuho started coverage on shares of eBay in a research note on Monday, September 29th. They issued a “neutral” rating and a $98.00 price target for the company. Bank of America upped their price target on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Finally, Robert W. Baird upped their price target on shares of eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $82.00.
Read Our Latest Report on eBay
Insider Activity
In related news, SVP Cornelius Boone sold 4,439 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of the sale, the senior vice president owned 93,392 shares in the company, valued at approximately $8,361,385.76. This represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 75,952 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the sale, the senior vice president owned 53,107 shares of the company’s stock, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,743 shares of company stock worth $8,979,844 in the last quarter. Insiders own 0.64% of the company’s stock.
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.
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