eBay Inc. (NASDAQ:EBAY) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,947 shares of the e-commerce company’s stock after selling 227 shares during the period. Albert D Mason Inc.’s holdings in eBay were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. NorthCrest Asset Manangement LLC lifted its position in shares of eBay by 114.4% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 16,809 shares of the e-commerce company’s stock worth $1,138,000 after purchasing an additional 8,969 shares during the last quarter. Legacy Trust purchased a new stake in shares of eBay during the 1st quarter worth $207,000. Fifth Third Bancorp lifted its position in shares of eBay by 6.2% during the 1st quarter. Fifth Third Bancorp now owns 27,779 shares of the e-commerce company’s stock worth $1,881,000 after purchasing an additional 1,630 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of eBay during the 1st quarter worth $200,000. Finally, CX Institutional lifted its position in shares of eBay by 12.2% during the 1st quarter. CX Institutional now owns 5,409 shares of the e-commerce company’s stock worth $366,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EBAY shares. Wall Street Zen raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Cfra Research raised shares of eBay to a “moderate buy” rating in a report on Thursday, June 5th. Piper Sandler upped their target price on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Daiwa America upgraded shares of eBay from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 12th. Finally, Needham & Company LLC boosted their price target on shares of eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $67.73.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 12,644 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $79.06, for a total value of $999,634.64. Following the transaction, the chief executive officer now owns 325,053 shares of the company’s stock, valued at approximately $25,698,690.18. This trade represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 296,279 shares of company stock valued at $20,872,193 over the last quarter. Company insiders own 0.64% of the company’s stock.

eBay Stock Performance

NASDAQ:EBAY opened at $77.44 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $35.70 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.22 and a beta of 1.27. eBay Inc. has a fifty-two week low of $51.72 and a fifty-two week high of $79.84. The firm’s 50 day moving average is $69.86 and its two-hundred day moving average is $67.17.

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

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

About eBay

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.