7,111 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Confluence Wealth Services Inc.

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. Orion Capital Management LLC acquired a new stake in eBay during the 4th quarter valued at approximately $27,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay during the 4th quarter worth approximately $33,000. Transce3nd LLC purchased a new position in eBay during the fourth quarter valued at $36,000. Finally, Ameriflex Group Inc. acquired a new stake in eBay in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay 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 transaction of $234,829.95. Following the transaction, the senior vice president directly owned 92,053 shares of the company's stock, valued at $7,241,809.51. The trade was a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 12,644 shares of the stock in a transaction on Monday, June 9th. The stock was 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 $25,698,690.18. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 287,858 shares of company stock valued at $20,529,676 over the last three months. Insiders own 0.64% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Barclays upped their target price on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Monday, May 12th. Cantor Fitzgerald boosted their price objective on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Robert W. Baird lifted their price target on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, eBay currently has a consensus rating of "Hold" and an average price target of $67.85.

eBay Price Performance

EBAY stock traded down $0.34 on Wednesday, reaching $75.77. The company had a trading volume of 3,045,348 shares, compared to its average volume of 5,036,906. 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 market cap of $34.93 billion, a P/E ratio of 18.04, a PEG ratio of 2.08 and a beta of 1.26. eBay Inc. has a 1 year low of $52.03 and a 1 year high of $79.84. The company's fifty day moving average is $72.99 and its 200 day moving average is $68.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. 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 company earned $1.25 EPS. On average, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 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.