Pacer Advisors Inc. Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Pacer Advisors Inc. increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,573,579 shares of the e-commerce company’s stock after buying an additional 679,528 shares during the quarter. Pacer Advisors Inc. owned about 1.31% of eBay worth $353,133,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on EBAY shares. Evercore ISI lifted their target price on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Thursday, August 1st. Citigroup lifted their price objective on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wolfe Research began coverage on shares of eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Finally, Wells Fargo & Company dropped their price objective on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $56.90.

Insider Buying and Selling at eBay

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

eBay Stock Performance

eBay stock opened at $62.72 on Friday. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $64.96. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a market cap of $31.49 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. The stock has a 50 day moving average of $57.58 and a 200-day moving average of $54.04.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data 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 the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. On average, analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is currently 21.51%.

eBay Profile

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.