AXS Investments LLC Sells 1,420 Shares of eBay Inc. (NASDAQ:EBAY)

AXS Investments LLC trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,262 shares of the e-commerce company’s stock after selling 1,420 shares during the quarter. AXS Investments LLC’s holdings in eBay were worth $503,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Toroso Investments LLC grew its stake in eBay by 33.8% during the first quarter. Toroso Investments LLC now owns 48,653 shares of the e-commerce company’s stock worth $2,159,000 after buying an additional 12,293 shares in the last quarter. CWM LLC boosted its position in eBay by 15.5% during the 2nd quarter. CWM LLC now owns 12,947 shares of the e-commerce company’s stock worth $579,000 after buying an additional 1,739 shares during the period. Chevy Chase Trust Holdings LLC boosted its position in eBay by 5.2% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 389,141 shares of the e-commerce company’s stock worth $17,391,000 after buying an additional 19,128 shares during the period. Wealthfront Advisers LLC boosted its position in eBay by 7.4% during the 1st quarter. Wealthfront Advisers LLC now owns 35,691 shares of the e-commerce company’s stock worth $1,584,000 after buying an additional 2,469 shares during the period. Finally, Credit Suisse AG boosted its position in eBay by 0.4% during the 1st quarter. Credit Suisse AG now owns 1,522,864 shares of the e-commerce company’s stock worth $67,569,000 after buying an additional 6,654 shares during the period. 85.87% of the stock is owned by institutional investors.

eBay Stock Performance

NASDAQ:EBAY opened at $40.14 on Friday. The firm has a market capitalization of $21.36 billion, a P/E ratio of 7.93, a P/E/G ratio of 2.10 and a beta of 1.33. The company has a fifty day moving average of $41.75 and a 200-day moving average of $43.70. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.18. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $52.23.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, November 7th. The e-commerce company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a net margin of 26.99% and a return on equity of 32.03%. eBay’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. As a group, sell-side analysts anticipate that eBay Inc. will post 3.3 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. eBay’s dividend payout ratio (DPR) is presently 19.76%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EBAY shares. Truist Financial cut their target price on shares of eBay from $54.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. JPMorgan Chase & Co. cut their target price on shares of eBay from $49.00 to $48.00 in a research report on Thursday, July 27th. Jefferies Financial Group lowered their price target on shares of eBay from $45.00 to $43.00 in a report on Tuesday, October 10th. Morgan Stanley lowered their price target on shares of eBay from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Wednesday, November 8th. Finally, TheStreet lowered shares of eBay from a “b-” rating to a “c” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average price target of $48.47.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 4,891 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $43.63, for a total transaction of $213,394.33. Following the completion of the sale, the senior vice president now owns 49,845 shares in the company, valued at approximately $2,174,737.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

About eBay

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, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.