Callan Capital LLC Purchases New Holdings in eBay Inc. (NASDAQ:EBAY)

Callan Capital LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,485 shares of the e-commerce company's stock, valued at approximately $236,000.

A number of other institutional investors have also recently added to or reduced their stakes in EBAY. Orion Capital Management LLC acquired a new stake in eBay during the fourth quarter worth $27,000. Pinney & Scofield Inc. acquired a new stake in eBay during the fourth quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay during the fourth quarter worth $33,000. Transce3nd LLC acquired a new stake in eBay during the fourth quarter worth $36,000. Finally, Sierra Ocean LLC increased its stake in eBay by 84.9% during the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after acquiring an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 10,974 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the completion of the sale, the chief executive officer directly owned 306,651 shares of the company's stock, valued at approximately $23,228,813.25. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $75.04, for a total value of $1,666,413.28. Following the completion of the sale, the senior vice president directly owned 22,206 shares of the company's stock, valued at $1,666,338.24. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,183 shares of company stock valued at $23,490,942 over the last quarter. Company insiders own 0.64% of the company's stock.

eBay Stock Up 1.3%

NASDAQ EBAY traded up $0.99 during trading on Wednesday, reaching $76.32. 3,495,130 shares of the company's stock were exchanged, compared to its average volume of 5,038,774. The stock has a market cap of $35.18 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 2.12 and a beta of 1.26. 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 company has a 50 day moving average price of $73.88 and a two-hundred day moving average price of $68.71. eBay Inc. has a 1 year low of $52.15 and a 1 year high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. eBay's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. On average, equities research analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, May 30th. eBay's payout ratio is currently 27.62%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EBAY. JPMorgan Chase & Co. raised their target price on eBay from $60.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Morgan Stanley raised their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Barclays lifted their price objective on eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. TD Securities lifted their price objective on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Citigroup dropped their price objective on eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and an average price target of $67.85.

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.