Nicholas Hoffman & Company LLC. Sells 750 Shares of eBay Inc. (NASDAQ:EBAY)

31 Oct 2024, 07:18 by Jessica Moore · The Cerbat Gem

Nicholas Hoffman & Company LLC. reduced its position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,969 shares of the e-commerce company’s stock after selling 750 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in eBay were worth $519,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Boston Financial Mangement LLC bought a new position in shares of eBay during the third quarter valued at about $223,000. Nisa Investment Advisors LLC raised its position in eBay by 9.8% in the third quarter. Nisa Investment Advisors LLC now owns 321,112 shares of the e-commerce company’s stock worth $20,908,000 after acquiring an additional 28,603 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in eBay by 29.5% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 32,098 shares of the e-commerce company’s stock worth $2,090,000 after acquiring an additional 7,307 shares during the period. Concord Wealth Partners raised its position in eBay by 172.0% in the third quarter. Concord Wealth Partners now owns 952 shares of the e-commerce company’s stock worth $62,000 after acquiring an additional 602 shares during the period. Finally, Inscription Capital LLC bought a new stake in eBay in the third quarter worth about $208,000. 87.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on EBAY. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Robert W. Baird lifted their price objective on shares of eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Jefferies Financial Group lifted their price objective on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lifted their target price on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.23.

View Our Latest Research Report on eBay

eBay Trading Down 0.2 %

NASDAQ:EBAY opened at $62.63 on Thursday. The company has a fifty day moving average of $63.03 and a 200 day moving average of $56.67. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $31.44 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.45 and a beta of 1.32.

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

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. eBay’s payout ratio is currently 21.51%.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at approximately $36,963,542.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed 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 company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by company insiders.

eBay Profile

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