Confluence Wealth Services Inc. Makes New $474,000 Investment in eBay Inc. (NASDAQ:EBAY)

Confluence Wealth Services Inc. bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,111 shares of the e-commerce company's stock, valued at approximately $474,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in eBay in the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. purchased a new stake in eBay in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in eBay in the 4th quarter worth approximately $33,000. Ameriflex Group Inc. purchased a new stake in eBay in the 4th quarter worth approximately $38,000. Finally, Transce3nd LLC purchased a new stake in eBay in the 4th quarter worth approximately $36,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

Shares of EBAY stock opened at $73.76 on Friday. eBay Inc. has a 12 month low of $52.03 and a 12 month high of $79.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $34.00 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.06 and a beta of 1.27. The company's fifty day moving average price is $72.64 and its two-hundred day moving average price is $68.15.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. On average, research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,308,946.80. This represents a 1.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business's stock in a transaction dated 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 now directly owns 44,413 shares of the company's stock, valued at approximately $3,436,677.94. This represents a 34.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,918 shares of company stock valued at $22,432,706. Insiders own 0.64% of the company's stock.

Analyst Ratings Changes

EBAY has been the topic of a number of research analyst reports. JMP Securities reiterated a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Morgan Stanley lifted their price target on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company lifted their price target on shares of eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Piper Sandler lifted their price target on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $67.73.

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.

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