Axxcess Wealth Management LLC Purchases Shares of 4,985 eBay Inc. (NASDAQ:EBAY)

Axxcess Wealth Management LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,985 shares of the e-commerce company’s stock, valued at approximately $217,000.

A number of other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in eBay by 3.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,186 shares of the e-commerce company’s stock worth $2,125,000 after acquiring an additional 1,658 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of eBay by 3.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 147,661 shares of the e-commerce company’s stock valued at $6,510,000 after purchasing an additional 5,149 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of eBay by 109.7% during the third quarter. Stratos Wealth Partners LTD. now owns 10,263 shares of the e-commerce company’s stock valued at $453,000 after buying an additional 5,370 shares during the period. Mackenzie Financial Corp raised its stake in eBay by 8.2% in the third quarter. Mackenzie Financial Corp now owns 120,934 shares of the e-commerce company’s stock worth $5,141,000 after buying an additional 9,170 shares in the last quarter. Finally, Strs Ohio purchased a new stake in eBay in the third quarter worth about $1,200,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, the senior vice president now directly owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares in the company, valued at $8,803,915.33. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Benchmark reaffirmed a “buy” rating and issued a $58.00 target price on shares of eBay in a research report on Thursday, May 2nd. TD Cowen lifted their price target on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Piper Sandler upped their price objective on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their target price on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.45.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $50.34 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm’s 50-day moving average price is $51.13 and its 200-day moving average price is $45.05. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93. The company has a market cap of $25.47 billion, a PE ratio of 10.03, a PEG ratio of 1.93 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. As a group, analysts anticipate that eBay Inc. will post 3.75 EPS for the current year.

eBay announced that its board has initiated a stock buyback program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, May 30th. eBay’s payout ratio is 21.51%.

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.