3Chopt Investment Partners LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Smithfield Trust Co increased its holdings in shares of eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after acquiring an additional 153 shares during the period. IFP Advisors Inc increased its holdings in shares of eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock valued at $150,000 after purchasing an additional 163 shares in the last quarter. Bailard Inc. boosted its position in eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock worth $2,147,000 after purchasing an additional 169 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in eBay by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company's stock valued at $270,000 after acquiring an additional 169 shares during the last quarter. Finally, Optas LLC grew its position in shares of eBay by 0.5% in the first quarter. Optas LLC now owns 34,160 shares of the e-commerce company's stock valued at $2,314,000 after purchasing an additional 169 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday. JMP Securities reiterated a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on shares of eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Truist Financial raised their target price on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Evercore ISI lifted their target price on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $67.85.

eBay Stock Down 0.4%

EBAY stock traded down $0.34 during mid-day trading on Wednesday, hitting $75.77. 3,045,348 shares of the company were exchanged, compared to its average volume of 5,036,875. The firm has a fifty day simple moving average of $72.99 and a 200 day simple moving average of $68.31. The company has a market capitalization of $34.93 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.08 and a beta of 1.26. eBay Inc. has a twelve month low of $52.03 and a twelve month high of $79.84. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data 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. eBay had a return on equity of 36.60% and a net margin of 19.78%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company earned $1.25 earnings per share. eBay's quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.53%. eBay's dividend payout ratio is currently 27.62%.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the transaction, the chief financial officer directly owned 65,080 shares of the company's stock, valued at approximately $4,308,946.80. This trade represents 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 accessible through the SEC website. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $79.06, for a total transaction of $999,634.64. Following the completion of the sale, the chief executive officer directly owned 325,053 shares of the company's stock, valued at $25,698,690.18. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 287,858 shares of company stock worth $20,529,676 over the last 90 days. Insiders own 0.64% of the company's stock.

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.