LVW Advisors LLC Reduces Stock Holdings in eBay Inc. (NASDAQ:EBAY)

LVW Advisors LLC lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,730 shares of the e-commerce company’s stock after selling 575 shares during the quarter. LVW Advisors LLC’s holdings in eBay were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Private Advisor Group LLC raised its position in eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after acquiring an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares during the period. Prospera Financial Services Inc increased its position in eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after buying an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department purchased a new stake in eBay in the third quarter worth about $1,307,000. Finally, Principal Financial Group Inc. raised its stake in shares of eBay by 1.7% in the third quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after buying an additional 9,990 shares during the period. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EBAY shares. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 target price on shares of eBay in a research note on Monday, October 7th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Citigroup boosted their price objective on eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Truist Financial increased their target price on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.83.

eBay Trading Up 1.7 %

EBAY stock opened at $66.19 on Tuesday. The firm’s fifty day simple moving average is $63.63 and its two-hundred day simple moving average is $61.09. The stock has a market capitalization of $31.71 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $40.33 and a twelve month high of $71.52.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,704,778 over the last 90 days. Company insiders own 0.38% of the company’s stock.

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.