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

Procyon Advisors LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,340 shares of the e-commerce company's stock, valued at approximately $1,039,000.

A number of other hedge funds have also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new position in shares of eBay in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC bought a new stake in shares of eBay in the fourth quarter worth $27,000. Pinney & Scofield Inc. acquired a new stake in eBay in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new position in eBay during the 4th quarter valued at $33,000. Finally, Transce3nd LLC bought a new position in eBay during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity at eBay

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

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Evercore ISI boosted their price objective on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Needham & Company LLC increased their target price on eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Finally, Robert W. Baird boosted their price target on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, eBay currently has an average rating of "Hold" and an average target price of $67.65.

eBay Stock Up 1.1%

Shares of eBay stock opened at $78.61 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1-year low of $51.72 and a 1-year high of $79.50. The business's fifty day moving average price is $68.74 and its two-hundred day moving average price is $66.78. The company has a market capitalization of $36.24 billion, a P/E ratio of 19.75, a PEG ratio of 2.22 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. As a group, research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 27.62%.

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.

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