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

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

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of eBay by 10.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,547 shares of the e-commerce company's stock valued at $963,000 after buying an additional 1,410 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in eBay by 28.2% during the 4th quarter. DAVENPORT & Co LLC now owns 5,709 shares of the e-commerce company's stock valued at $354,000 after purchasing an additional 1,257 shares during the last quarter. Journey Strategic Wealth LLC increased its holdings in eBay by 5.3% during the 4th quarter. Journey Strategic Wealth LLC now owns 3,755 shares of the e-commerce company's stock worth $233,000 after purchasing an additional 189 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of eBay by 5.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 4,768 shares of the e-commerce company's stock worth $295,000 after purchasing an additional 236 shares during the last quarter. Finally, One Wealth Advisors LLC raised its stake in shares of eBay by 27.0% in the fourth quarter. One Wealth Advisors LLC now owns 5,118 shares of the e-commerce company's stock worth $317,000 after purchasing an additional 1,087 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the sale, the chief executive officer now owns 590,108 shares of the company's stock, valued at $39,153,665.80. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 280,650 shares of company stock valued at $19,637,729. 0.64% of the stock is owned by corporate insiders.

eBay Price Performance

EBAY stock traded up $1.00 during mid-day trading on Friday, reaching $78.74. 2,993,648 shares of the company traded hands, compared to its average volume of 4,967,438. The company has a fifty day moving average price of $68.52 and a 200-day moving average price of $66.62. eBay Inc. has a 52-week low of $51.72 and a 52-week high of $79.49. The company has a market capitalization of $36.30 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. eBay's revenue was up 1.1% on a year-over-year basis. As a group, analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.47%. eBay's dividend payout ratio (DPR) is presently 27.62%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EBAY. Bank of America decreased their price target on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. 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. Benchmark boosted their price target on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus upped their price objective on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Susquehanna lifted their target price on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Two analysts have rated the stock with a sell rating, seventeen have given 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, the stock presently has an average rating of "Hold" and a consensus price target of $67.65.

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.