Chemistry Wealth Management LLC Reduces Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Chemistry Wealth Management LLC trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 5.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,543 shares of the e-commerce company’s stock after selling 589 shares during the period. Chemistry Wealth Management LLC’s holdings in eBay were worth $646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in eBay during the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new position in eBay during the 4th quarter worth $27,000. Pinney & Scofield Inc. purchased a new position in eBay during the 4th quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay during the 4th quarter worth $33,000. Finally, Ameriflex Group Inc. purchased a new position in eBay during the 4th quarter worth $38,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on EBAY shares. Evercore ISI lifted their price target on eBay from $63.00 to $69.00 and gave the stock an “in-line” rating in a research report on Thursday, May 1st. UBS Group lifted their price target on eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price target on eBay from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday. Benchmark lifted their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Daiwa America raised eBay from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.65.

eBay Stock Performance

Shares of eBay stock opened at $78.61 on Friday. The firm has a market cap of $36.24 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The firm’s 50-day simple moving average is $68.74 and its 200-day simple moving average is $66.74. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 1 year low of $51.72 and a 1 year high of $79.50.

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

eBay Announces Dividend

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 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio (DPR) is 27.62%.

Insider Transactions at eBay

In related news, SVP Julie A. Loeger sold 127,070 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the sale, the senior vice president now owns 123,282 shares in the company, valued at approximately $8,559,469.26. This represents a 50.76% 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 Cornelius Boone sold 3,958 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 280,650 shares of company stock valued at $19,637,729. Company insiders own 0.64% 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.