Callan Capital LLC Takes $236,000 Position in eBay Inc. (NASDAQ:EBAY)

Callan Capital LLC purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,485 shares of the e-commerce company's stock, valued at approximately $236,000.

Several other hedge funds have also bought and sold shares of the stock. Rosenberg Matthew Hamilton boosted its stake in eBay by 36.5% during the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after buying an additional 160 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake in eBay by 4.0% during the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after buying an additional 160 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in eBay by 4.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company's stock valued at $270,000 after buying an additional 169 shares during the last quarter. Optas LLC raised its position in eBay by 0.5% during 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 period. Finally, HighPoint Advisor Group LLC raised its position in eBay by 4.6% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company's stock valued at $267,000 after purchasing an additional 172 shares during the period. Institutional investors own 87.48% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EBAY. UBS Group upped their price objective on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Evercore ISI upped their price objective on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Truist Financial upped their price objective on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Susquehanna increased their price target on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $68.12.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the transaction, the chief executive officer directly owned 317,625 shares in the company, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the transaction, the senior vice president owned 44,413 shares of the company's stock, valued at approximately $3,436,677.94. This represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 326,183 shares of company stock valued at $23,490,942 in the last ninety days. Insiders own 0.64% of the company's stock.

eBay Stock Performance

Shares of eBay stock traded down $0.11 on Friday, reaching $77.11. 3,591,417 shares of the stock were exchanged, compared to its average volume of 5,482,719. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay Inc. has a twelve month low of $53.10 and a twelve month high of $79.84. The firm has a market capitalization of $35.55 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.13 and a beta of 1.26. The business has a 50 day moving average price of $74.24 and a two-hundred day moving average price of $68.86.

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 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 analysts' expectations of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. eBay's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. Analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio is currently 27.62%.

eBay Company 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.