DLK Investment Management LLC Makes New $217,000 Investment in eBay Inc. (NASDAQ:EBAY)

DLK Investment Management LLC acquired a new position in eBay Inc. (NASDAQ:EBAY) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,200 shares of the e-commerce company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after buying an additional 163 shares during the period. Advisor OS LLC purchased a new stake in shares of eBay during the 4th quarter valued at about $688,000. NewEdge Wealth LLC lifted its position in eBay by 8.8% during the 4th quarter. NewEdge Wealth LLC now owns 461,587 shares of the e-commerce company’s stock worth $28,595,000 after acquiring an additional 37,457 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in eBay by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 202,400 shares of the e-commerce company’s stock worth $12,539,000 after acquiring an additional 3,400 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in eBay by 2.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 34,960 shares of the e-commerce company’s stock valued at $2,166,000 after acquiring an additional 879 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Thursday, May 1st. Wells Fargo & Company boosted their price target on eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Barclays increased their price target on eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Piper Sandler lifted their price objective on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, Citigroup cut their target price on eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.73.

eBay Stock Up 0.2%

EBAY stock opened at $74.52 on Thursday. The firm has a market cap of $34.35 billion, a PE ratio of 17.74, a P/E/G ratio of 2.08 and a beta of 1.27. eBay Inc. has a 12 month low of $52.03 and a 12 month high of $79.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $72.34 and a 200 day simple moving average of $67.98.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. eBay’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. Equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.56%. eBay’s dividend payout ratio (DPR) is presently 27.62%.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 2,985 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the sale, the senior vice president now owns 92,053 shares of the company’s stock, valued at $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. The trade was a 30.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,918 shares of company stock worth $22,432,706. 0.64% of the stock is owned by corporate insiders.

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.