Harfst & Associates Inc. acquired a new stake in eBay Inc. (NASDAQ:EBAY – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 10,699 shares of the e-commerce company’s stock, valued at approximately $725,000.
Several other hedge funds also recently bought and sold shares of EBAY. Abound Financial LLC purchased a new stake in shares of eBay in the 1st quarter worth $29,000. Orion Capital Management LLC purchased a new stake in shares of eBay in the 4th quarter worth $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay in the 4th quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay in the 4th quarter worth $33,000. Finally, Sierra Ocean LLC lifted its holdings in shares of eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company’s stock worth $36,000 after buying an additional 247 shares during the period. Institutional investors own 87.48% of the company’s stock.
Wall Street Analyst Weigh In
EBAY has been the subject of several research reports. Piper Sandler upped their target price on eBay from $74.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Barclays reiterated an “overweight” rating and issued a $92.00 target price (up from $77.00) on shares of eBay in a report on Thursday, July 31st. Stifel Nicolaus upped their price objective on eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, July 29th. Cfra Research upgraded eBay to a “moderate buy” rating in a research note on Thursday, June 5th. Finally, BMO Capital Markets upgraded eBay from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $70.00 to $102.00 in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $78.19.
Insider Transactions at eBay
In other news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the sale, the senior vice president directly owned 92,053 shares of the company’s stock, valued at approximately $7,241,809.51. The trade was a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 92,895 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total value of $6,694,013.70. Following the completion of the sale, the senior vice president directly owned 123,282 shares of the company’s stock, valued at approximately $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 276,104 shares of company stock worth $22,025,676 over the last ninety days. 0.64% of the stock is owned by insiders.
eBay Stock Performance
NASDAQ EBAY opened at $100.77 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day moving average price of $80.74 and a 200 day moving average price of $72.30. The company has a market capitalization of $46.05 billion, a P/E ratio of 22.20, a PEG ratio of 2.35 and a beta of 1.27. eBay Inc. has a 1-year low of $54.80 and a 1-year high of $100.96.
eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the business posted $1.18 earnings per share. eBay’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.
eBay Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay’s dividend payout ratio (DPR) is presently 25.55%.
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.
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