Kathmere Capital Management LLC Has $596,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Kathmere Capital Management LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 34.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,089 shares of the e-commerce company’s stock after buying an additional 2,821 shares during the quarter. Kathmere Capital Management LLC’s holdings in eBay were worth $596,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Citigroup increased their target price on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 price target (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $57.29.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $64.00 on Friday. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $65.44. The stock has a market capitalization of $32.13 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 2.45 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average of $58.57 and a 200-day moving average of $54.54.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. eBay’s payout ratio is 21.51%.

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.