Citizens Financial Group Inc. RI Purchases 49,096 Shares of eBay Inc. (NASDAQ:EBAY)

Key Points

• Citizens Financial Group Inc. increased its stake in eBay by 41.7% in Q1, now holding 166,953 shares valued at approximately $11.31 million.
• CEO Jamie Iannone sold 10,974 shares on July 2, reducing his stake by 3.46% to 306,651 shares, with a total value of about $23.23 million.
• eBay reported Q2 earnings of $1.37 per share, surpassing analyst expectations and showing a revenue increase of 6.1% year-over-year.

Citizens Financial Group Inc. RI lifted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 41.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,953 shares of the e-commerce company's stock after purchasing an additional 49,096 shares during the quarter. Citizens Financial Group Inc. RI's holdings in eBay were worth $11,308,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of eBay in the fourth quarter valued at $27,000. Abound Financial LLC acquired a new stake in shares of eBay in the 1st quarter worth about $29,000. Pinney & Scofield Inc. bought a new position in eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay during the 4th quarter valued at about $33,000. Finally, Transce3nd LLC acquired a new position in eBay during the 4th quarter valued at about $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president directly owned 92,053 shares in the company, valued at approximately $7,241,809.51. The trade was a 3.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 276,104 shares of company stock valued at $22,025,676. 0.64% of the stock is owned by corporate insiders.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $0.12 during trading on Friday, reaching $93.14. 5,326,361 shares of the stock traded hands, compared to its average volume of 6,380,925. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $42.56 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27. eBay Inc. has a 52-week low of $54.80 and a 52-week high of $93.50. The company has a 50-day moving average of $79.43 and a 200-day moving average of $71.62.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. Analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio is presently 25.55%.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Cfra Research raised eBay to a "moderate buy" rating in a research note on Thursday, June 5th. BMO Capital Markets raised eBay from a "market perform" rating to an "outperform" rating and increased their price target for the company from $70.00 to $102.00 in a research report on Thursday, July 31st. Bank of America raised their price objective on eBay from $71.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Morgan Stanley lifted their price objective on shares of eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Evercore ISI increased their target price on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, eBay currently has an average rating of "Hold" and a consensus price target of $78.19.

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.