Apollon Wealth Management LLC Buys 2,021 Shares of eBay Inc. (NASDAQ:EBAY)

Apollon Wealth Management LLC lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 20.5% during the first quarter, HoldingsChannel reports. The firm owned 11,889 shares of the e-commerce company’s stock after buying an additional 2,021 shares during the quarter. Apollon Wealth Management LLC’s holdings in eBay were worth $805,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in shares of eBay by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 50,904 shares of the e-commerce company’s stock worth $3,154,000 after buying an additional 238 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of eBay by 9.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 29,937 shares of the e-commerce company’s stock valued at $1,855,000 after purchasing an additional 2,589 shares during the last quarter. Cibc World Markets Corp raised its holdings in eBay by 18.5% during the fourth quarter. Cibc World Markets Corp now owns 79,503 shares of the e-commerce company’s stock worth $4,925,000 after buying an additional 12,391 shares during the last quarter. Evoke Wealth LLC purchased a new stake in eBay during the fourth quarter worth about $262,000. Finally, Xponance Inc. raised its holdings in eBay by 5.9% during the 4th quarter. Xponance Inc. now owns 86,190 shares of the e-commerce company’s stock valued at $5,339,000 after acquiring an additional 4,813 shares during the period. 87.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Daiwa America raised shares of eBay from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 12th. Stifel Nicolaus lifted their target price on eBay from $61.00 to $62.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Daiwa Capital Markets upgraded eBay from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Monday, May 12th. Morgan Stanley upped their target price on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Robert W. Baird upped their target price on eBay from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, eBay presently has an average rating of “Hold” and an average target price of $68.12.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $76.79 on Friday. eBay Inc. has a fifty-two week low of $53.10 and a fifty-two week high of $79.84. The business’s fifty day moving average price is $74.96 and its two-hundred day moving average price is $69.34. The stock has a market capitalization of $35.40 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 2.15 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17.

eBay (NASDAQ:EBAY) last posted its 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. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the firm earned $1.25 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Friday, May 30th. eBay’s dividend payout ratio (DPR) is presently 27.62%.

Insider Activity at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the transaction, the senior vice president directly owned 44,413 shares in the company, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president owned 123,282 shares of the company’s stock, valued at approximately $8,559,469.26. The trade was a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 347,222 shares of company stock worth $25,143,522 in the last 90 days. 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.