15,340 Shares in eBay Inc. (NASDAQ:EBAY) Bought by Procyon Advisors LLC

Procyon Advisors LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the first quarter, Holdings Channel reports. The fund bought 15,340 shares of the e-commerce company’s stock, valued at approximately $1,039,000.

Several other hedge funds have also modified their holdings of EBAY. Kestra Investment Management LLC increased its stake in eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after purchasing an additional 7,074 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after buying an additional 139,315 shares during the period. Jones Financial Companies Lllp increased its position in shares of eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after acquiring an additional 2,110 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of eBay during the fourth quarter valued at approximately $8,644,000. Finally, TCW Group Inc. raised its holdings in shares of eBay by 45.8% during the fourth quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company’s stock valued at $3,339,000 after acquiring an additional 16,919 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on EBAY shares. Cfra Research raised shares of eBay to a “moderate buy” rating in a research note on Thursday. Robert W. Baird raised their target price on eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. UBS Group upped their price target on eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. Piper Sandler increased their price objective on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Citigroup decreased their price objective on eBay from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $67.65.

eBay Trading Up 1.1%

Shares of NASDAQ:EBAY opened at $78.61 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $36.24 billion, a PE ratio of 19.75, a P/E/G ratio of 2.22 and a beta of 1.27. eBay Inc. has a 1 year low of $51.72 and a 1 year high of $79.50. The firm has a fifty day moving average price of $68.74 and a 200 day moving average price of $66.78.

eBay (NASDAQ:EBAY) last announced its quarterly 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. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Analysts expect 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 will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. eBay’s payout ratio is currently 27.62%.

Insiders Place Their Bets

In related news, SVP Julie A. Loeger sold 92,895 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the sale, the senior vice president now owns 123,282 shares in the company, valued at $8,883,700.92. This represents a 42.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 280,650 shares of company stock valued at $19,637,729 over the last 90 days. 0.64% of the stock is currently owned by company 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.