Prio Wealth Limited Partnership Raises Stock Holdings in eBay Inc (NASDAQ:EBAY)
Prio Wealth Limited Partnership boosted its position in eBay Inc (NASDAQ:EBAY) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 380,050 shares of the e-commerce company’s stock after buying an additional 9,860 shares during the quarter. Prio Wealth Limited Partnership’s holdings in eBay were worth $15,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Riverview Trust Co bought a new position in shares of eBay in the first quarter worth $25,000. Paragon Capital Management LLC purchased a new position in shares of eBay in the first quarter worth about $28,000. Cable Hill Partners LLC increased its holdings in eBay by 64.6% during the 1st quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 295 shares during the period. Brand Asset Management Group Inc. increased its holdings in eBay by 69.6% during the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 355 shares during the period. Finally, Icon Wealth Partners LLC purchased a new position in eBay during the 1st quarter valued at about $32,000. 89.48% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ EBAY traded down $0.28 during midday trading on Tuesday, reaching $41.29. 74,946 shares of the stock were exchanged, compared to its average volume of 7,680,358. The stock has a market capitalization of $34.58 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.96 and a beta of 1.35. eBay Inc has a 52-week low of $26.01 and a 52-week high of $42.00. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s 50 day simple moving average is $39.83.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be paid a $0.14 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.36%. eBay’s dividend payout ratio (DPR) is presently 24.14%.
EBAY has been the topic of several research reports. SunTrust Banks lifted their price objective on Brown & Brown to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Deutsche Bank boosted their target price on shares of eBay from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Stifel Nicolaus set a $113.00 target price on shares of Neurocrine Biosciences and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Credit Suisse Group restated a “buy” rating and issued a $90.00 price objective on shares of Bayerische Motoren Werke in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.52.
In related news, SVP Stephen Fisher sold 20,587 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $38.23, for a total value of $787,041.01. Following the completion of the sale, the senior vice president now owns 81,305 shares of the company’s stock, valued at $3,108,290.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 14,237 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $38.06, for a total transaction of $541,860.22. Following the completion of the sale, the vice president now directly owns 37,340 shares of the company’s stock, valued at approximately $1,421,160.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,234 shares of company stock valued at $2,922,963. Insiders own 5.60% of the company’s stock.
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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