Calamos Advisors LLC Sells 5,555 Shares of eBay Inc. (NASDAQ:EBAY)

Calamos Advisors LLC cut its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,186 shares of the e-commerce company's stock after selling 5,555 shares during the quarter. Calamos Advisors LLC's holdings in eBay were worth $8,175,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EBAY. Atlantic Union Bankshares Corp grew its holdings in shares of eBay by 30.0% in the second quarter. Atlantic Union Bankshares Corp now owns 46,343 shares of the e-commerce company's stock valued at $2,490,000 after acquiring an additional 10,704 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of eBay during the 2nd quarter valued at $55,000. Retirement Systems of Alabama raised its stake in shares of eBay by 20.9% during the 2nd quarter. Retirement Systems of Alabama now owns 776,732 shares of the e-commerce company's stock worth $41,726,000 after purchasing an additional 134,381 shares during the period. Premier Path Wealth Partners LLC purchased a new position in shares of eBay in the 2nd quarter worth about $216,000. Finally, JB Capital LLC bought a new position in eBay during the second quarter valued at about $9,620,000. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

eBay stock traded down $0.14 during mid-day trading on Friday, hitting $58.88. 2,824,281 shares of the company traded hands, compared to its average volume of 5,606,363. eBay Inc. has a one year low of $37.17 and a one year high of $59.36. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. The stock has a fifty day moving average price of $54.68 and a 200-day moving average price of $51.86.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.83%. eBay's dividend payout ratio is 21.51%.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other eBay news, SVP Edward O. Garcia sold 986 shares of the company's stock in a transaction dated 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 sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the transaction, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Insiders sold 10,488 shares of company stock worth $565,910 in the last quarter. 0.38% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on EBAY. JPMorgan Chase & Co. initiated coverage on shares of eBay in a research note on Tuesday, June 25th. They issued a "neutral" rating and a $60.00 target price on the stock. The Goldman Sachs Group upped their price objective on eBay from $38.00 to $46.00 and gave the company a "sell" rating in a research note on Friday, August 2nd. Piper Sandler reissued an "overweight" rating and set a $64.00 price objective (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Susquehanna boosted their target price on eBay from $52.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company cut their price target on eBay from $57.00 to $55.00 and set an "equal weight" rating for the company in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $56.65.

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.