HF Advisory Group LLC Has $1.24 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

HF Advisory Group LLC raised its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 61.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,303 shares of the e-commerce company's stock after purchasing an additional 7,000 shares during the quarter. HF Advisory Group LLC's holdings in eBay were worth $1,240,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction dated Thursday, April 17th. The stock was 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. The trade was a 1.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 280,650 shares of company stock worth $19,637,729 in the last 90 days. Insiders own 0.64% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group raised their price objective on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Barclays lifted their price target on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Cantor Fitzgerald lifted their price target on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. JMP Securities reissued a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Finally, Evercore ISI lifted their price target on eBay from $63.00 to $69.00 and gave the stock an "in-line" 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 issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $67.65.

eBay Price Performance

Shares of EBAY traded up $0.87 during midday trading on Friday, hitting $78.61. The company's stock had a trading volume of 4,755,818 shares, compared to its average volume of 4,976,969. The stock has a market capitalization 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 1.27. eBay Inc. has a one year low of $51.72 and a one year high of $79.50. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company's fifty day simple moving average is $68.74 and its two-hundred day simple moving average is $66.82.

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

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. eBay's dividend payout ratio is currently 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.