NBC Securities Inc. Buys 16,875 Shares of eBay Inc. (NASDAQ:EBAY)

NBC Securities Inc. increased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 1,687,500.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,876 shares of the e-commerce company's stock after acquiring an additional 16,875 shares during the period. NBC Securities Inc.'s holdings in eBay were worth $1,143,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EBAY. Golden State Wealth Management LLC acquired a new stake in shares of eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC acquired a new position in shares of eBay in the 4th quarter valued at $27,000. Pinney & Scofield Inc. acquired a new position in shares of eBay in the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay in the 4th quarter valued at $33,000. Finally, Transce3nd LLC acquired a new position in shares of eBay in the 4th quarter valued at $36,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EBAY shares. Sanford C. Bernstein lowered eBay from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Needham & Company LLC raised their price objective on eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird raised their price objective on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. JMP Securities restated a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Finally, UBS Group raised their price objective on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $67.65.

eBay Stock Performance

EBAY traded up $0.87 on Friday, hitting $78.61. The company had a trading volume of 4,755,818 shares, compared to its average volume of 4,976,969. The company's fifty day moving average price is $68.74 and its 200 day moving average price is $66.74. eBay Inc. has a 1-year low of $51.72 and a 1-year high of $79.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $36.24 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly 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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. Equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio is currently 27.62%.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. This represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 280,650 shares of company stock valued at $19,637,729 in the last three months. Company insiders own 0.64% of the company's stock.

About eBay

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.