Cary Street Partners Financial LLC Buys New Stake in eBay Inc. (NASDAQ:EBAY)

Cary Street Partners Financial LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,352 shares of the e-commerce company's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in eBay during the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay during the fourth quarter worth about $33,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the 4th quarter worth about $36,000. Transce3nd LLC bought a new stake in eBay in the 4th quarter valued at about $36,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of eBay in the fourth quarter valued at approximately $40,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Down 0.0%

Shares of EBAY stock traded down $0.02 on Wednesday, reaching $69.15. 3,683,686 shares of the company's stock traded hands, compared to its average volume of 4,979,234. The company has a market capitalization of $31.88 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. eBay Inc. has a 12-month low of $51.02 and a 12-month high of $71.61. 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 business's 50 day moving average price is $66.33 and its two-hundred day moving average price is $65.29.

eBay (NASDAQ:EBAY - Get Free Report) last released its 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 company had revenue of $2.59 billion for 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 revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. On average, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 30th. eBay's payout ratio is presently 27.62%.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the 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 completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the transaction, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,755 shares of company stock worth $12,943,715. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EBAY has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. JMP Securities restated a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Monday. JPMorgan Chase & Co. raised their target price on eBay from $54.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Benchmark raised their price objective on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $67.42.

About eBay

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.