AdvisorNet Financial Inc Sells 542 Shares of eBay Inc. (NASDAQ:EBAY)

AdvisorNet Financial Inc cut its stake in eBay Inc. (NASDAQ:EBAYGet Rating) by 15.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,008 shares of the e-commerce company’s stock after selling 542 shares during the quarter. AdvisorNet Financial Inc’s holdings in eBay were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EBAY. Itau Unibanco Holding S.A. purchased a new stake in eBay in the fourth quarter worth $29,000. Iron Horse Wealth Management LLC increased its stake in eBay by 84.6% in the first quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 275 shares during the period. Ellevest Inc. increased its stake in eBay by 66.6% in the first quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock worth $35,000 after purchasing an additional 241 shares during the period. Psagot Value Holdings Ltd. Israel purchased a new stake in eBay in the fourth quarter worth $37,000. Finally, Hanson & Doremus Investment Management increased its stake in eBay by 62.8% in the first quarter. Hanson & Doremus Investment Management now owns 638 shares of the e-commerce company’s stock worth $37,000 after purchasing an additional 246 shares during the period. 87.00% of the stock is currently owned by institutional investors.

eBay Price Performance

Shares of NASDAQ EBAY opened at $38.93 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.28. eBay Inc. has a fifty-two week low of $38.80 and a fifty-two week high of $81.19. The company has a market cap of $21.39 billion, a PE ratio of 92.69, a P/E/G ratio of 1.67 and a beta of 1.23. The business has a 50-day simple moving average of $45.68 and a two-hundred day simple moving average of $48.26.

eBay (NASDAQ:EBAYGet Rating) last released its earnings results on Wednesday, August 3rd. The e-commerce company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. eBay had a return on equity of 24.42% and a net margin of 3.60%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. As a group, equities analysts expect 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. Investors of record on Thursday, September 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 31st. eBay’s dividend payout ratio (DPR) is 209.53%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EBAY shares. Deutsche Bank Aktiengesellschaft reduced their target price on eBay from $60.00 to $50.00 in a research note on Thursday, July 21st. JMP Securities began coverage on eBay in a research note on Wednesday, June 1st. They set a “market perform” rating on the stock. Evercore ISI raised their price target on eBay to $52.00 in a research note on Tuesday, August 9th. UBS Group raised their price target on eBay from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. cut their price target on eBay from $54.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.43.

eBay 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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