Optas LLC Boosts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Optas LLC lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 0.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 34,160 shares of the e-commerce company’s stock after acquiring an additional 169 shares during the quarter. Optas LLC’s holdings in eBay were worth $2,314,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in eBay during the 4th quarter valued at $27,000. Pinney & Scofield Inc. bought a new stake in eBay during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay in the fourth quarter valued at about $33,000. Transce3nd LLC bought a new position in eBay in the fourth quarter worth about $36,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of eBay during the fourth quarter valued at about $38,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Down 0.1%

EBAY stock opened at $77.36 on Friday. eBay Inc. has a one year low of $51.72 and a one year high of $79.84. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average is $70.22 and its 200 day moving average is $67.28. The firm has a market cap of $35.66 billion, a PE ratio of 19.44, a P/E/G ratio of 2.22 and a beta of 1.27.

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, beating the consensus estimate of $1.34 by $0.04. The firm 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 for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. On average, research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, May 30th. eBay’s payout ratio is 27.62%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EBAY. TD Securities lifted their price objective on shares of eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. Needham & Company LLC raised their price objective on eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Barclays boosted their target price on eBay from $72.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Susquehanna raised their price target on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $67.73.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the business’s 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 now directly owns 92,053 shares of the company’s stock, valued at $7,241,809.51. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 296,279 shares of company stock valued at $20,872,193 in the last three months. 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.