Jag Capital Management LLC Makes New $359,000 Investment in eBay Inc. (NASDAQ:EBAY)

Jag Capital Management LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,296 shares of the e-commerce company's stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EBAY. Ameriprise Financial Inc. raised its holdings in shares of eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after acquiring an additional 3,149,934 shares during the period. Independent Franchise Partners LLP raised its holdings 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 during the period. Marshall Wace LLP raised its holdings in shares of eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock worth $130,421,000 after acquiring an additional 1,584,404 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of eBay during the fourth quarter worth $96,214,000. Finally, Boston Partners raised its holdings in shares of eBay by 35.2% during the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after acquiring an additional 1,524,691 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of EBAY stock traded up $0.08 during midday trading on Friday, hitting $73.76. 7,438,208 shares of the company were exchanged, compared to its average volume of 5,035,479. The firm has a market capitalization of $34.00 billion, a P/E ratio of 17.56, a PEG ratio of 2.06 and a beta of 1.27. 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 firm's 50 day moving average price is $72.64 and its two-hundred day moving average price is $68.15. eBay Inc. has a 52 week low of $52.03 and a 52 week high of $79.84.

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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The business's revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is currently 27.62%.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. This represents a 30.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 315,918 shares of company stock worth $22,432,706. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EBAY. Truist Financial raised their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Citigroup dropped their price objective on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Piper Sandler raised their price objective on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Barclays raised their target price on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Evercore ISI raised their target price on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus price target of $67.73.

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.