SteelPeak Wealth LLC Acquires 17,140 Shares of eBay Inc. (NASDAQ:EBAY)

SteelPeak Wealth LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 42.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,642 shares of the e-commerce company’s stock after acquiring an additional 17,140 shares during the quarter. SteelPeak Wealth LLC’s holdings in eBay were worth $3,042,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GHE LLC grew its position in eBay by 1.5% during the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock valued at $762,000 after buying an additional 260 shares during the period. Savant Capital LLC grew its position in eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after buying an additional 262 shares during the period. Affinity Investment Advisors LLC grew its position in eBay by 3.0% during the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock valued at $414,000 after buying an additional 275 shares during the period. Quent Capital LLC boosted its position in eBay by 10.5% during the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock worth $130,000 after purchasing an additional 282 shares during the period. Finally, M&T Bank Corp increased its stake in shares of eBay by 0.6% in the fourth quarter. M&T Bank Corp now owns 48,235 shares of the e-commerce company’s stock worth $2,105,000 after purchasing an additional 284 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent research reports. Barclays upped their price target on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Jefferies Financial Group upped their target price on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Truist Financial upped their target price on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. Morgan Stanley cut their price objective on eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $58.00 price objective on shares of eBay in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.71.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock valued at $3,001,254 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Up 1.3 %

Shares of NASDAQ:EBAY traded up $0.67 during trading on Friday, hitting $53.72. The stock had a trading volume of 7,190,988 shares, compared to its average volume of 4,907,904. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $55.35. The company has a market capitalization of $26.97 billion, a PE ratio of 10.70, a PEG ratio of 2.47 and a beta of 1.32. The firm’s fifty day moving average is $52.47 and its 200 day moving average is $48.34. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Analysts anticipate that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 21.51%.

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.