Boston Financial Mangement LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Boston Financial Mangement LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 3,432 shares of the e-commerce company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after acquiring an additional 153 shares during the last quarter. Davis Investment Partners LLC increased its holdings in shares of eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after acquiring an additional 180 shares during the last quarter. Quent Capital LLC increased its holdings in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after acquiring an additional 202 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of eBay by 3.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after acquiring an additional 219 shares during the last quarter. Finally, Harrington Investments INC increased its holdings in shares of eBay by 0.6% in the 3rd quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock valued at $2,434,000 after acquiring an additional 232 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EBAY shares. Jefferies Financial Group boosted their price objective on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their price objective on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. TD Cowen boosted their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $62.23.

eBay Stock Down 0.3 %

EBAY opened at $62.77 on Wednesday. eBay Inc. has a one year low of $37.17 and a one year high of $67.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s fifty day moving average is $62.95 and its 200-day moving average is $56.63. The company has a market capitalization of $31.51 billion, a PE ratio of 12.50, a P/E/G ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. On average, equities analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was 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 in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,391 shares of company stock valued at $2,678,424. Corporate insiders own 0.38% of the company’s stock.

eBay Company 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.