MJP Associates Inc. ADV Makes New $578,000 Investment in eBay Inc. (NASDAQ:EBAY)

MJP Associates Inc. ADV acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,335 shares of the e-commerce company’s stock, valued at approximately $578,000.

Several other large investors also recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its holdings in shares of eBay by 0.3% in the 4th quarter. Lazard Asset Management LLC now owns 163,728 shares of the e-commerce company’s stock valued at $10,142,000 after buying an additional 471 shares during the last quarter. Greenline Partners LLC acquired a new stake in eBay during the 4th quarter valued at $718,000. Focus Partners Wealth lifted its holdings in eBay by 26.7% during the 4th quarter. Focus Partners Wealth now owns 24,370 shares of the e-commerce company’s stock valued at $1,511,000 after purchasing an additional 5,137 shares during the last quarter. Ellevest Inc. lifted its holdings in eBay by 1.7% during the 4th quarter. Ellevest Inc. now owns 10,642 shares of the e-commerce company’s stock valued at $659,000 after purchasing an additional 183 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in eBay by 27.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 201,695 shares of the e-commerce company’s stock valued at $12,495,000 after purchasing an additional 42,906 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Cantor Fitzgerald raised their price objective on eBay from $65.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Benchmark raised their price objective on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price objective on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus lifted their price target on eBay from $61.00 to $62.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.32.

eBay Stock Down 1.5%

Shares of NASDAQ:EBAY opened at $69.51 on Monday. The stock has a market cap of $32.04 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.22 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $51.02 and a 12-month high of $71.61. The business’s 50 day moving average is $66.25 and its 200 day moving average is $65.22.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. eBay’s payout ratio is presently 27.62%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 7,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,685 shares of company stock worth $4,121,245 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

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.