VCI Wealth Management LLC Buys 18,095 Shares of eBay Inc. $EBAY

VCI Wealth Management LLC bought a new stake in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,095 shares of the e-commerce company’s stock, valued at approximately $1,919,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in eBay in the second quarter valued at about $4,406,897,000. Dimensional Fund Advisors LP increased its position in eBay by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock worth $446,042,000 after purchasing an additional 80,450 shares during the period. Legal & General Group Plc acquired a new stake in eBay in the second quarter worth about $506,653,000. Amundi raised its holdings in eBay by 26.4% during the 2nd quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock worth $448,601,000 after purchasing an additional 838,057 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in eBay by 0.8% during the 1st quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company’s stock worth $338,799,000 after purchasing an additional 30,761 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EBAY shares. Jefferies Financial Group cut their target price on shares of eBay from $80.00 to $75.00 and set an “underperform” rating on the stock in a research report on Monday, September 21st. BMO Capital Markets reiterated an “outperform” rating on shares of eBay in a research report on Thursday. Wedbush boosted their price target on shares of eBay from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday. Benchmark boosted their price target on shares of eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, BTIG Research started coverage on shares of eBay in a report on Thursday. They issued a “buy” rating on the stock. Sixteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $123.36.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $107.08, for a total value of $1,189,658.80. Following the sale, the chief executive officer directly owned 226,269 shares in the company, valued at approximately $24,228,884.52. This trade represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of eBay stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the transaction, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 34,344 shares of company stock valued at $3,635,567 in the last ninety days. Insiders own 0.67% of the company’s stock.

eBay Trading Down 0.6%

NASDAQ EBAY opened at $120.93 on Tuesday. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $124.59. The stock has a 50-day simple moving average of $111.16 and a 200 day simple moving average of $103.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $53.81 billion, a PE ratio of 26.40, a P/E/G ratio of 2.95 and a beta of 1.33.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.12 billion. eBay had a return on equity of 48.79% and a net margin of 16.84%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. Research analysts forecast that eBay Inc. will post 4.45 EPS for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay’s dividend payout ratio is presently 27.07%.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.