Farther Finance Advisors LLC Reduces Stock Position in eBay Inc. (NASDAQ:EBAY)

Farther Finance Advisors LLC cut its holdings in eBay Inc. (NASDAQ:EBAY) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,597 shares of the e-commerce company’s stock after selling 464 shares during the period. Farther Finance Advisors LLC’s holdings in eBay were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Orion Capital Management LLC purchased a new stake in eBay during the fourth quarter valued at approximately $27,000. Pinney & Scofield Inc. purchased a new stake in eBay during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new stake in eBay in the fourth quarter worth $33,000. Ameriflex Group Inc. bought a new stake in eBay in the fourth quarter worth $38,000. Finally, Transce3nd LLC purchased a new position in eBay during the fourth quarter worth $36,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Barclays upped their price target on shares of eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Evercore ISI boosted their target price on eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Bank of America reduced their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, Susquehanna upped their price objective on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $67.73.

Insider Activity

In other news, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This represents a 30.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of eBay 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 transaction, the senior vice president now owns 123,282 shares of the company’s stock, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 292,321 shares of company stock valued at $20,606,770 in the last ninety days. Insiders own 0.64% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $77.40 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market cap of $35.68 billion, a PE ratio of 18.43, a P/E/G ratio of 2.17 and a beta of 1.27. eBay Inc. has a 12 month low of $52.03 and a 12 month high of $79.84. The stock has a fifty day moving average price of $70.89 and a 200-day moving average price of $67.47.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the business earned $1.25 EPS. eBay’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, May 30th. eBay’s payout ratio is 27.62%.

eBay 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.