Stratos Wealth Partners LTD. Has $236,000 Stake in eBay Inc. (NASDAQ:EBAY)

Stratos Wealth Partners LTD. trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 44.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,479 shares of the e-commerce company’s stock after selling 2,824 shares during the period. Stratos Wealth Partners LTD.’s holdings in eBay were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in eBay by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,904 shares of the e-commerce company’s stock worth $3,154,000 after buying an additional 238 shares during the last quarter. Norges Bank acquired a new position in eBay during the fourth quarter worth $40,805,000. Assenagon Asset Management S.A. increased its holdings in eBay by 0.5% during the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company’s stock worth $3,596,000 after buying an additional 246 shares during the last quarter. Portolan Capital Management LLC increased its holdings in eBay by 210.2% during the fourth quarter. Portolan Capital Management LLC now owns 238,132 shares of the e-commerce company’s stock worth $14,752,000 after buying an additional 161,372 shares during the last quarter. Finally, Maridea Wealth Management LLC acquired a new position in eBay during the fourth quarter worth $324,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Julie A. Loeger sold 92,895 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the sale, the senior vice president directly owned 123,282 shares in the company, valued at $8,883,700.92. This represents a 42.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of eBay stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $75.04, for a total value of $1,666,413.28. Following the sale, the senior vice president directly owned 22,206 shares in the company, valued at $1,666,338.24. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 325,016 shares of company stock valued at $23,413,675 in the last quarter. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EBAY shares. Wells Fargo & Company boosted their target price on eBay from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Monday, June 30th. Daiwa America raised eBay from a “hold” rating to a “strong-buy” rating in a report on Monday, May 12th. Citigroup decreased their target price on eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 25th. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $68.12.

eBay Stock Performance

EBAY opened at $76.92 on Thursday. The firm has a market cap of $35.46 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. eBay Inc. has a 52-week low of $53.10 and a 52-week high of $79.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The business’s fifty day moving average is $74.83 and its 200-day moving average is $69.24.

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, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company earned $1.25 EPS. eBay’s revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.51%. eBay’s dividend payout ratio is currently 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.