Snowden Capital Advisors LLC Acquires 1,250 Shares of eBay Inc. (NASDAQ:EBAY)

Snowden Capital Advisors LLC grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,440 shares of the e-commerce company’s stock after acquiring an additional 1,250 shares during the quarter. Snowden Capital Advisors LLC’s holdings in eBay were worth $3,930,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Smithfield Trust Co raised its holdings in shares of eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC raised its holdings in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after buying an additional 163 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after buying an additional 167 shares in the last quarter. Finally, Bailard Inc. raised its holdings in shares of eBay by 0.5% during the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after buying an additional 169 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Evercore ISI raised their price objective on eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a report on Thursday, May 1st. Needham & Company LLC raised their price objective on eBay from $72.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Citigroup decreased their price objective on eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Bank of America decreased their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, Susquehanna lifted their price target on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus price target of $67.42.

Insider Activity

In related news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This represents a 30.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,755 shares of company stock worth $12,943,715. 0.38% of the stock is currently owned by company insiders.

eBay Trading Up 1.8%

Shares of NASDAQ EBAY opened at $71.84 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 business has a fifty day simple moving average of $66.49 and a two-hundred day simple moving average of $65.43. The firm has a market cap of $33.12 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. eBay Inc. has a twelve month low of $51.02 and a twelve month high of $71.90.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion during 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%. eBay’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 EPS. Analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. eBay’s dividend payout ratio is presently 27.62%.

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.