Davies Financial Advisors Inc. Has $539,000 Stake in eBay Inc. (NASDAQ:EBAY)

Davies Financial Advisors Inc. decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,032 shares of the e-commerce company’s stock after selling 571 shares during the quarter. Davies Financial Advisors Inc.’s holdings in eBay were worth $539,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay during the second quarter worth $26,000. LRI Investments LLC acquired a new stake in eBay in the first quarter valued at $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay in the second quarter valued at $29,000. Washington Trust Advisors Inc. acquired a new stake in eBay in the first quarter valued at $30,000. Finally, Jones Financial Companies Lllp lifted its stake in eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 310 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

NASDAQ:EBAY traded up $0.77 during mid-day trading on Friday, reaching $59.10. 5,430,169 shares of the company’s stock were exchanged, compared to its average volume of 5,559,664. eBay Inc. has a one year low of $37.17 and a one year high of $59.85. The firm has a market capitalization of $29.67 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. The business’s fifty day simple moving average is $55.15 and its two-hundred day simple moving average is $52.30. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio is currently 21.51%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Susquehanna increased their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wolfe Research assumed coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. assumed coverage on shares of eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective on the stock. Piper Sandler reissued an “overweight” rating and issued a $64.00 price objective (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. Finally, Robert W. Baird increased their price objective on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.65.

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.