Tempus Wealth Planning LLC Sells 1,395 Shares of eBay Inc. (NASDAQ:EBAY)

Tempus Wealth Planning LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 16.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,144 shares of the e-commerce company’s stock after selling 1,395 shares during the period. Tempus Wealth Planning LLC’s holdings in eBay were worth $384,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay in the 2nd quarter valued at about $26,000. LRI Investments LLC bought a new stake in eBay in the 1st quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new position in eBay during the 2nd quarter worth approximately $29,000. Washington Trust Advisors Inc. bought a new position in shares of eBay during the 1st quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of 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 purchasing an additional 310 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

eBay stock traded down $0.14 during midday trading on Friday, reaching $58.88. The company’s stock had a trading volume of 2,824,281 shares, compared to its average volume of 5,606,363. The stock has a market cap of $29.56 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. The company has a current ratio of 1.25, a quick ratio of 1.99 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of $54.68 and a 200-day moving average price of $51.80. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $59.36.

eBay Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EBAY. StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Susquehanna upped their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Bank of America raised their price target on eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Benchmark boosted their price target on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company cut their price objective on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.65.

Insider Buying and Selling

In other news, SVP Edward O. Garcia sold 986 shares of the firm’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 of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The stock was 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 $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Rebecca Spencer sold 2,083 shares of the company’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 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. Insiders have sold a total of 10,488 shares of company stock worth $565,910 in the last ninety days. Company insiders own 0.38% of the company’s stock.

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.