Boyar Asset Management Inc. Decreases Stake in eBay Inc. (NASDAQ:EBAY)

Boyar Asset Management Inc. trimmed its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 49.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,396 shares of the e-commerce company's stock after selling 14,831 shares during the period. Boyar Asset Management Inc.'s holdings in eBay were worth $827,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Candriam S.C.A. boosted its stake in shares of eBay by 35.3% in the 2nd 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 boosted its stake in shares of eBay by 14.3% in the 2nd 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 in the last quarter. Foundry Partners LLC acquired a new stake in shares of eBay in the 2nd quarter valued at approximately $22,470,000. Victory Capital Management Inc. boosted its stake in shares of eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company's stock valued at $404,879,000 after purchasing an additional 838,969 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of eBay by 20.3% in the 2nd quarter. National Bank of Canada FI now owns 151,043 shares of the e-commerce company's stock valued at $7,956,000 after purchasing an additional 25,480 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Up 0.1 %

EBAY traded up $0.08 during midday trading on Friday, hitting $59.20. The company had a trading volume of 5,032,137 shares, compared to its average volume of 5,530,579. The stock's 50 day moving average price is $55.69 and its 200 day moving average price is $52.93. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $59.85. The company has a market capitalization of $29.72 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 2.30 and a beta of 1.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders 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 annualized dividend and a dividend yield of 1.82%. eBay's dividend payout ratio is 21.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Benchmark raised their price target on shares of eBay from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Piper Sandler restated an "overweight" rating and issued a $64.00 price target (up from $58.00) on shares of eBay in a research note on Thursday, August 1st. Wolfe Research began coverage on shares of eBay in a report on Tuesday, July 16th. They issued a "peer perform" rating for the company. Jefferies Financial Group raised their price objective on shares of eBay from $50.00 to $55.00 and gave the company a "hold" rating in a report on Thursday, May 30th. Finally, Robert W. Baird raised their price objective on shares of eBay from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $56.90.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 986 shares of eBay 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 sale, the senior vice president now owns 37,126 shares of the company's stock, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was 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 directly owns 4,109 shares of the company's stock, valued at $220,324.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of eBay 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 transaction, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

eBay 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.