NorthRock Partners LLC Acquires New Shares in eBay Inc. (NASDAQ:EBAY)

NorthRock Partners LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,611 shares of the e-commerce company's stock, valued at approximately $286,000.

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP increased its position in shares of eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Marshall Wace LLP increased its holdings in eBay by 304.2% during the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock worth $130,421,000 after purchasing an additional 1,584,404 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in eBay in the 4th quarter valued at approximately $96,214,000. Finally, Boston Partners lifted its position in shares of eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EBAY. Piper Sandler increased their price objective on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Citigroup decreased their price objective on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a report on Friday, April 25th. TD Securities raised their target price on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Truist Financial boosted their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on eBay from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given 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 currently has a consensus rating of "Hold" and a consensus price target of $67.42.

Insider Transactions at eBay

In related news, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the sale, the senior vice president now directly owns 123,282 shares in the company, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock valued at $12,943,715 over the last three months. Corporate insiders own 0.64% of the company's stock.

eBay Trading Down 0.2%

EBAY stock traded down $0.16 during midday trading on Friday, hitting $71.99. The stock had a trading volume of 1,338,597 shares, compared to its average volume of 4,977,324. The business has a fifty day moving average price of $67.02 and a two-hundred day moving average price of $65.77. eBay Inc. has a 1-year low of $51.38 and a 1-year high of $72.94. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $33.19 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last released 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. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. eBay's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. On average, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, May 30th. eBay's payout ratio is currently 27.62%.

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.