Cerity Partners LLC Increases Stake in eBay Inc. (NASDAQ:EBAY)

Cerity Partners LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 23.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,387 shares of the e-commerce company's stock after buying an additional 20,497 shares during the quarter. Cerity Partners LLC's holdings in eBay were worth $7,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of eBay during the fourth quarter valued at about $27,000. Abound Financial LLC purchased a new position in shares of eBay during the first quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new position in shares of eBay during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of eBay during the fourth quarter valued at about $33,000. Finally, Transce3nd LLC purchased a new position in shares of eBay during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were 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 approximately $25,698,690.18. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the sale, the senior vice president directly 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 sold 347,222 shares of company stock valued at $25,143,522 over the last three months. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EBAY. Needham & Company LLC boosted their price target on shares of eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Stifel Nicolaus boosted their price objective on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Cfra Research raised shares of eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Finally, Robert W. Baird boosted their price objective on shares of eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and an average price target of $68.12.

eBay Stock Performance

Shares of EBAY traded up $1.35 during mid-day trading on Friday, hitting $78.14. 6,744,529 shares of the company traded hands, compared to its average volume of 5,065,884. 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 stock has a 50-day moving average price of $75.13 and a two-hundred day moving average price of $69.45. eBay Inc. has a 1 year low of $53.10 and a 1 year high of $79.84. The stock has a market cap of $36.02 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 2.14 and a beta of 1.26.

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. eBay had a net margin of 19.78% and a return on equity of 36.60%. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The firm's quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. eBay's payout ratio is 27.62%.

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.