eBay Inc. (NASDAQ:EBAY) Shares Bought by HF Advisory Group LLC

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

Several other large investors have also added to or reduced their stakes in EBAY. Golden State Wealth Management LLC acquired a new position in eBay during the fourth quarter valued at $27,000. Orion Capital Management LLC acquired a new position in shares of eBay in the 4th quarter valued at about $27,000. Pinney & Scofield Inc. acquired a new position in shares of eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay in the fourth quarter worth about $33,000. Finally, Transce3nd LLC acquired a new stake in eBay during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, 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 hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the company'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 owns 94,392 shares of the company's stock, valued at $6,329,927.52. This 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 valued at $19,637,729 over the last three months. 0.64% of the stock is owned by company insiders.

eBay Price Performance

Shares of EBAY stock traded up $0.87 during trading hours on Friday, hitting $78.61. The company's stock had a trading volume of 4,755,818 shares, compared to its average volume of 4,973,870. The stock has a market cap of $36.24 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a fifty day moving average of $68.52 and a 200-day moving average of $66.62. eBay Inc. has a twelve month low of $51.72 and a twelve month high of $79.49.

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

eBay Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EBAY shares. Barclays boosted their price target on eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Citigroup lowered their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bank of America cut their price objective on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. UBS Group increased their target price on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Finally, Needham & Company LLC raised their target price on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $67.65.

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.