Wetherby Asset Management Inc. Increases Stock Position in eBay Inc (NASDAQ:EBAY)

Wetherby Asset Management Inc. raised its holdings in eBay Inc (NASDAQ:EBAY) by 51.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,849 shares of the e-commerce company’s stock after purchasing an additional 10,113 shares during the quarter. Wetherby Asset Management Inc.’s holdings in eBay were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Riverview Trust Co purchased a new stake in eBay in the 1st quarter valued at approximately $25,000. Paragon Capital Management LLC purchased a new stake in eBay in the 1st quarter valued at approximately $28,000. Cable Hill Partners LLC lifted its stake in eBay by 64.6% in the 1st quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 295 shares in the last quarter. Brand Asset Management Group Inc. lifted its stake in eBay by 69.6% in the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 355 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new stake in eBay in the 1st quarter valued at approximately $32,000. 89.34% of the stock is currently owned by institutional investors.

In related news, CEO Devin Wenig sold 149,563 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $41.49, for a total transaction of $6,205,368.87. Following the transaction, the chief executive officer now owns 1,034,592 shares in the company, valued at $42,925,222.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian J. Doerger sold 19,014 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $41.38, for a total transaction of $786,799.32. Following the transaction, the chief accounting officer now owns 24,844 shares in the company, valued at approximately $1,028,044.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 258,098 shares of company stock worth $10,603,043. 5.60% of the stock is owned by company insiders.

Shares of EBAY stock traded up $0.79 during trading hours on Tuesday, hitting $39.61. 4,762,559 shares of the company were exchanged, compared to its average volume of 8,749,432. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.31 and a quick ratio of 1.31. eBay Inc has a one year low of $26.01 and a one year high of $42.00. The firm has a 50-day moving average price of $40.10. The company has a market cap of $34.04 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.49 by $0.19. eBay had a net margin of 22.12% and a return on equity of 36.67%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that eBay Inc will post 2.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 annualized dividend and a yield of 1.41%. eBay’s dividend payout ratio (DPR) is 24.14%.

A number of equities research analysts recently issued reports on the company. Barclays upped their target price on eBay from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. BidaskClub upgraded eBay from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Benchmark boosted their price target on eBay from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Piper Jaffray Companies boosted their price target on eBay from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, KeyCorp boosted their price target on eBay from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. eBay presently has an average rating of “Hold” and an average target price of $41.52.

eBay Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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