Commonwealth Equity Services LLC Sells 455 Shares of eBay Inc. (NASDAQ:EBAY) - Defense World

Summary

Commonwealth Equity Services LLC reduced its stake in eBay Inc. (NASDAQ:EBAY – Get Rating) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,617 shares of the e-commerce company’s stock after selling 455 shares during the quarter. Commonwealth Equity Services LLC’s holdings in eBay were worth $4,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Banque Pictet & Cie SA increased its stake in eBay by 7.8% in the 1st quarter. Banque Pictet & Cie SA now owns 141,344 shares of the e-commerce company’s stock valued at $8,093,000 after buying an additional 10,283 shares during the last quarter. Benjamin Edwards Inc. increased its stake in eBay by 97.1% in the 1st quarter. Benjamin Edwards Inc. now owns 8,859 shares of the e-commerce company’s stock valued at $507,000 after buying an additional 4,364 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in eBay by 3.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 556,630 shares of the e-commerce company’s stock valued at $31,873,000 after buying an additional 18,213 shares during the last quarter. Waldron Private Wealth LLC increased its stake in eBay by 5.9% in the 1st quarter. Waldron Private Wealth LLC now owns 5,376 shares of the e-commerce company’s stock valued at $307,000 after buying an additional 299 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of eBay by 1.0% during the 1st quarter. Shell Asset Management Co. now owns 59,637 shares of the e-commerce company’s stock worth $3,415,000 after purchasing an additional 596 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors and hedge funds.

Commonwealth Equity Services LLC reduced its stake in eBay Inc. (NASDAQ:EBAY – Get Rating) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,617 shares of the e-commerce company’s stock after selling 455 shares during the quarter. Commonwealth Equity Services LLC’s holdings in eBay were worth $4,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Banque Pictet & Cie SA increased its stake in eBay by 7.8% in the 1st quarter. Banque Pictet & Cie SA now owns 141,344 shares of the e-commerce company’s stock valued at $8,093,000 after buying an additional 10,283 shares during the last quarter. Benjamin Edwards Inc. increased its stake in eBay by 97.1% in the 1st quarter. Benjamin Edwards Inc. now owns 8,859 shares of the e-commerce company’s stock valued at $507,000 after buying an additional 4,364 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in eBay by 3.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 556,630 shares of the e-commerce company’s stock valued at $31,873,000 after buying an additional 18,213 shares during the last quarter. Waldron Private Wealth LLC increased its stake in eBay by 5.9% in the 1st quarter. Waldron Private Wealth LLC now owns 5,376 shares of the e-commerce company’s stock valued at $307,000 after buying an additional 299 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of eBay by 1.0% during the 1st quarter. Shell Asset Management Co. now owns 59,637 shares of the e-commerce company’s stock worth $3,415,000 after purchasing an additional 596 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors and hedge funds.

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eBay Trading Down 5.2 %

EBAY opened at $47.87 on Friday. The stock has a market cap of $26.80 billion, a PE ratio of 2.81, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. eBay Inc. has a twelve month low of $40.52 and a twelve month high of $81.19. The company has a fifty day moving average of $45.14 and a 200-day moving average of $51.21. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.93.

eBay Announces Dividend

eBay ( NASDAQ:EBAY Get Rating ) last issued its earnings results on Wednesday, August 3rd. The e-commerce company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.09. eBay had a net margin of 113.26% and a return on equity of 20.91%. During the same quarter last year, the firm earned $0.82 EPS. On average, sell-side analysts predict that eBay Inc. will post 3.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.84%. eBay’s dividend payout ratio (DPR) is 5.16%.

Insider Buying and Selling at eBay

In other eBay news, CAO Brian J. Doerger sold 3,633 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $47.95, for a total value of $174,202.35. Following the transaction, the chief accounting officer now directly owns 14,929 shares of the company’s stock, valued at $715,845.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other eBay news, CAO Brian J. Doerger sold 3,633 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $47.95, for a total value of $174,202.35. Following the transaction, the chief accounting officer now directly owns 14,929 shares of the company’s stock, valued at $715,845.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian J. Doerger sold 7,942 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $45.16, for a total transaction of $358,660.72. Following the completion of the transaction, the chief accounting officer now directly owns 18,562 shares in the company, valued at $838,259.92. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EBAY. The Goldman Sachs Group lowered shares of eBay from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $52.00 to $42.00 in a research note on Thursday, June 9th. Mizuho lowered their price objective on shares of eBay from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday. Piper Sandler lowered their price objective on shares of eBay from $63.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of eBay from $54.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of eBay from $60.00 to $50.00 in a research note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.89.

eBay Company Profile

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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Commonwealth Equity Services LLC Sells 455 Shares of eBay Inc. (NASDAQ:EBAY) - Defense World
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