Isthmus Partners LLC Cuts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Isthmus Partners LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,343 shares of the e-commerce company’s stock after selling 2,243 shares during the period. Isthmus Partners LLC’s holdings in eBay were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its stake in shares of eBay by 4.1% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 244,799 shares of the e-commerce company’s stock worth $13,151,000 after buying an additional 9,596 shares during the period. Savant Capital LLC raised its position in eBay by 6.4% during the second quarter. Savant Capital LLC now owns 14,577 shares of the e-commerce company’s stock worth $783,000 after acquiring an additional 875 shares during the period. Candriam S.C.A. lifted its holdings in eBay by 35.3% during the second quarter. Candriam S.C.A. now owns 348,328 shares of the e-commerce company’s stock valued at $18,711,000 after purchasing an additional 90,836 shares in the last quarter. Private Advisor Group LLC grew its position in shares of eBay by 14.3% in the second quarter. Private Advisor Group LLC now owns 23,864 shares of the e-commerce company’s stock valued at $1,282,000 after purchasing an additional 2,978 shares during the period. Finally, Foundry Partners LLC acquired a new stake in shares of eBay in the second quarter valued at about $22,470,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value 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. 0.38% of the stock is owned by company insiders.

eBay Trading Up 0.1 %

eBay stock traded up $0.08 during midday trading on Friday, reaching $59.20. 5,032,137 shares of the stock traded hands, compared to its average volume of 5,530,579. 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 firm has a market cap of $29.72 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. The company has a 50-day simple moving average of $55.69 and a two-hundred day simple moving average of $52.87. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $59.85.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, August 30th. eBay’s payout ratio is currently 21.51%.

Analyst Ratings Changes

EBAY has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Wolfe Research initiated coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald assumed coverage on eBay in a research note on Thursday. They issued a “neutral” rating and a $62.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Daiwa America raised shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, fifteen have given 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, eBay currently has an average rating of “Hold” and a consensus target price of $56.90.

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.