11,528 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd acquired 11,528 shares of eBay Inc. during the 1st quarter, totaling approximately $781,000 in investment.
• Insider sales included SVP Jordan Douglas Bradle Sweetnam selling 22,206 shares for around $1.73 million and CEO Jamie Iannone selling 10,974 shares for approximately $831,280.
• Analysts have varied opinions on eBay's stock, with target prices ranging from $66 to $102, and a consensus rating of "Hold."

S Bank Fund Management Ltd purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,528 shares of the e-commerce company's stock, valued at approximately $781,000.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of eBay during the 4th quarter valued at $27,000. Abound Financial LLC acquired a new stake in shares of eBay during the 1st quarter valued at $29,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay during the 4th quarter valued at $33,000. Finally, Transce3nd LLC purchased a new stake in shares of eBay in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 10,974 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares in the company, valued at approximately $23,228,813.25. The trade was a 3.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 276,104 shares of company stock worth $22,025,676 in the last ninety days. Company insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, July 11th. UBS Group set a $87.00 price objective on eBay in a report on Thursday, July 31st. BMO Capital Markets upgraded eBay from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $70.00 to $102.00 in a report on Thursday, July 31st. Argus lowered eBay from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 7th. Finally, Truist Financial increased their price objective on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $78.19.

eBay Stock Performance

Shares of EBAY stock opened at $97.06 on Wednesday. The company has a 50 day moving average price of $80.26 and a 200-day moving average price of $72.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $44.36 billion, a PE ratio of 21.38, a P/E/G ratio of 2.30 and a beta of 1.27. eBay Inc. has a 52 week low of $54.80 and a 52 week high of $97.19.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay's dividend payout ratio is presently 25.55%.

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.

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