Cerity Partners LLC Buys 20,497 Shares of eBay Inc. (NASDAQ:EBAY)

Cerity Partners LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 23.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 108,387 shares of the e-commerce company’s stock after purchasing an additional 20,497 shares during the quarter. Cerity Partners LLC’s holdings in eBay were worth $7,341,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in eBay by 2.2% in the first quarter. Allworth Financial LP now owns 8,402 shares of the e-commerce company’s stock valued at $565,000 after acquiring an additional 177 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in eBay by 7.0% in the first quarter. Axxcess Wealth Management LLC now owns 5,308 shares of the e-commerce company’s stock valued at $360,000 after acquiring an additional 348 shares in the last quarter. Greenleaf Trust boosted its holdings in eBay by 2.0% in the first quarter. Greenleaf Trust now owns 22,609 shares of the e-commerce company’s stock valued at $1,531,000 after acquiring an additional 437 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in eBay by 3.4% in the first quarter. Valeo Financial Advisors LLC now owns 6,480 shares of the e-commerce company’s stock valued at $439,000 after acquiring an additional 213 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC bought a new stake in eBay in the first quarter valued at $214,000. Institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EBAY. Wells Fargo & Company lifted their price target on shares of eBay from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday, June 30th. Barclays boosted their target price on shares of eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Robert W. Baird boosted their target price on shares of eBay from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Wedbush restated a “neutral” rating and set a $72.00 target price on shares of eBay in a report on Wednesday, June 11th. Finally, Piper Sandler boosted their target price on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $68.12.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 2,985 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president owned 92,053 shares of the company’s stock, valued at approximately $7,241,809.51. The trade was a 3.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the transaction, the senior vice president directly owned 123,282 shares of the company’s stock, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 326,183 shares of company stock worth $23,490,942 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $77.22 on Wednesday. eBay Inc. has a fifty-two week low of $53.10 and a fifty-two week high of $79.84. The business has a 50-day simple moving average of $74.69 and a two-hundred day simple moving average of $69.18. 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 firm has a market cap of $35.60 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.17 and a beta of 1.26.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm earned $1.25 EPS. eBay’s revenue was up 1.1% on a year-over-year basis. On average, analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, May 30th. eBay’s dividend payout ratio (DPR) is 27.62%.

About eBay

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.