3,502 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,502 shares of the e-commerce company's stock, valued at approximately $237,000.

Several other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of eBay by 35.1% during the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after acquiring an additional 2,110 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of eBay during the 4th quarter valued at about $8,644,000. Oppenheimer & Co. Inc. increased its stake in shares of eBay by 5.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,150 shares of the e-commerce company's stock valued at $257,000 after acquiring an additional 224 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of eBay by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 50,904 shares of the e-commerce company's stock valued at $3,154,000 after acquiring an additional 238 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of eBay during the 4th quarter valued at about $40,805,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Susquehanna upped their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. TD Securities increased their target price 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. Daiwa Capital Markets raised shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Monday, May 12th. Finally, Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $67.73.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at approximately $8,559,469.26. The trade was a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 315,918 shares of company stock worth $22,432,706 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

eBay Stock Performance

EBAY stock opened at $73.76 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $34.00 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.06 and a beta of 1.27. eBay Inc. has a 1 year low of $52.03 and a 1 year high of $79.84. The stock's fifty day moving average is $72.64 and its two-hundred day moving average is $68.15.

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. eBay had a net margin of 19.78% and a return on equity of 36.60%. The business had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. On average, research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio is currently 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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