Cromwell Holdings LLC Acquires 593 Shares of eBay Inc. (NASDAQ:EBAY)

Cromwell Holdings LLC lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 55.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,662 shares of the e-commerce company’s stock after buying an additional 593 shares during the period. Cromwell Holdings LLC’s holdings in eBay were worth $108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay in the second quarter valued at $26,000. Tortoise Investment Management LLC raised its stake in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of eBay in the 1st quarter worth $29,000. Hobbs Group Advisors LLC bought a new position in shares of eBay during the 2nd quarter worth $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of eBay during the first quarter valued at $30,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Down 0.8 %

EBAY stock opened at $63.10 on Friday. The firm’s fifty day moving average is $62.56 and its 200 day moving average is $56.33. The firm has a market cap of $31.68 billion, a PE ratio of 12.57, a P/E/G ratio of 2.59 and a beta of 1.32. eBay Inc. has a one year low of $37.17 and a one year high of $67.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. On average, research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock valued at $2,678,424 in the last three months. 0.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EBAY has been the subject of a number of research reports. Citigroup upped their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Benchmark increased their price objective on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group boosted their price objective on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday. Robert W. Baird increased their target price on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company lifted their price target on eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.14.

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.