Groesbeck Investment Management Corp NJ Has $335,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Groesbeck Investment Management Corp NJ lessened its position in eBay Inc. (NASDAQ:EBAY) by 37.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,141 shares of the e-commerce company’s stock after selling 3,028 shares during the period. Groesbeck Investment Management Corp NJ’s holdings in eBay were worth $335,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EBAY. Park Avenue Securities LLC grew its stake in eBay by 6.3% in the first quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock valued at $557,000 after acquiring an additional 623 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in eBay in the first quarter valued at approximately $1,006,000. Kathmere Capital Management LLC acquired a new stake in eBay in the first quarter valued at approximately $436,000. Founders Financial Securities LLC purchased a new position in shares of eBay during the first quarter valued at approximately $311,000. Finally, Optas LLC boosted its position in shares of eBay by 1.9% during the first quarter. Optas LLC now owns 33,758 shares of the e-commerce company’s stock valued at $1,782,000 after buying an additional 621 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on EBAY shares. Robert W. Baird lifted their price target on eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. The Goldman Sachs Group boosted their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Citigroup boosted 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. Bank of America boosted their target price on eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Wolfe Research started coverage on eBay in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.14.

eBay Price Performance

Shares of EBAY traded down $0.49 during trading hours on Friday, hitting $63.10. 3,117,256 shares of the company were exchanged, compared to its average volume of 5,430,016. 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 current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $31.68 billion, a PE ratio of 12.57, a PEG ratio of 2.59 and a beta of 1.32. The firm has a fifty day simple moving average of $62.56 and a 200-day simple moving average of $56.33.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $2.53 billion. As a group, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated 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 transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is owned by company insiders.

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.