Kestra Private Wealth Services LLC Has $311,000 Position in eBay Inc. (NASDAQ:EBAY)

Kestra Private Wealth Services LLC lowered its stake in eBay Inc. (NASDAQ:EBAYGet Rating) by 14.8% in the first quarter, HoldingsChannel.com reports. The firm owned 5,437 shares of the e-commerce company’s stock after selling 945 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in eBay were worth $311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the fourth quarter valued at approximately $29,000. Iron Horse Wealth Management LLC increased its holdings in shares of eBay by 84.6% in the first quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock valued at $34,000 after purchasing an additional 275 shares in the last quarter. Ellevest Inc. increased its holdings in shares of eBay by 66.6% in the first quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock valued at $35,000 after purchasing an additional 241 shares in the last quarter. Psagot Value Holdings Ltd. Israel acquired a new stake in shares of eBay in the fourth quarter valued at approximately $37,000. Finally, Hanson & Doremus Investment Management increased its holdings in shares of eBay by 62.8% in the first quarter. Hanson & Doremus Investment Management now owns 638 shares of the e-commerce company’s stock valued at $37,000 after purchasing an additional 246 shares in the last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

eBay Trading Down 3.5 %

Shares of NASDAQ:EBAY opened at $39.90 on Wednesday. The company’s 50-day moving average price is $45.82 and its two-hundred day moving average price is $48.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.28 and a quick ratio of 1.28. eBay Inc. has a one year low of $39.71 and a one year high of $81.19. The stock has a market capitalization of $21.92 billion, a PE ratio of 95.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.23.

eBay (NASDAQ:EBAYGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The e-commerce company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.90 by $0.09. eBay had a net margin of 3.60% and a return on equity of 24.42%. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, equities analysts forecast that eBay Inc. will post 3.27 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, September 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.21%. eBay’s payout ratio is 209.53%.

Analysts Set New Price Targets

EBAY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of eBay from $60.00 to $50.00 in a report on Thursday, July 21st. Robert W. Baird lifted their target price on shares of eBay from $54.00 to $60.00 in a report on Thursday, August 4th. Stifel Nicolaus lowered their target price on shares of eBay from $62.00 to $60.00 in a report on Friday, July 15th. Atlantic Securities lowered their target price on shares of eBay to $50.00 in a report on Tuesday, August 9th. Finally, Piper Sandler lowered their target price on shares of eBay from $63.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.43.

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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