Janney Montgomery Scott LLC Boosts Stake in eBay Inc. (NASDAQ:EBAY)

Janney Montgomery Scott LLC raised its holdings in eBay Inc. (NASDAQ:EBAY) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 563,693 shares of the e-commerce company’s stock after acquiring an additional 27,159 shares during the period. Janney Montgomery Scott LLC owned approximately 0.12% of eBay worth $38,179,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EBAY. Orion Capital Management LLC bought a new stake in shares of eBay during the 4th quarter worth $27,000. Pinney & Scofield Inc. purchased a new stake in eBay during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in eBay during the fourth quarter worth about $33,000. Transce3nd LLC purchased a new position in shares of eBay in the 4th quarter worth about $36,000. Finally, Ameriflex Group Inc. purchased a new position in shares of eBay in the 4th quarter worth about $38,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Up 0.5%

EBAY stock opened at $77.71 on Tuesday. eBay Inc. has a fifty-two week low of $51.72 and a fifty-two week high of $79.84. The company has a market capitalization of $35.82 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. The business’s 50 day moving average price is $70.58 and its two-hundred day moving average price is $67.40. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

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

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.49%. eBay’s payout ratio is 27.62%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EBAY shares. Piper Sandler boosted their target price on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Wedbush restated a “neutral” rating and issued a $72.00 price objective on shares of eBay in a report on Wednesday, June 11th. Evercore ISI upped their price objective on shares of eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a research note on Thursday, May 1st. Susquehanna lifted their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Finally, Morgan Stanley upped their price target on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $67.73.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. This trade represents a 30.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 12,644 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $79.06, for a total value of $999,634.64. Following the completion of the sale, the chief executive officer now owns 325,053 shares in the company, valued at $25,698,690.18. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 292,321 shares of company stock valued at $20,606,770 in the last three months. Company insiders own 0.64% of the company’s stock.

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.