Northstar Advisory Group LLC Acquires 23,023 Shares of eBay Inc. (NASDAQ:EBAY)

Northstar Advisory Group LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 111.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,721 shares of the e-commerce company's stock after buying an additional 23,023 shares during the quarter. eBay comprises 1.9% of Northstar Advisory Group LLC's investment portfolio, making the stock its 12th biggest position. Northstar Advisory Group LLC's holdings in eBay were worth $2,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EBAY. Ameriprise Financial Inc. grew its position in shares of eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP grew its holdings in eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after buying an additional 2,277,839 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of eBay by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after buying an additional 245,624 shares during the period. Northern Trust Corp lifted its holdings in shares of eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock worth $421,834,000 after buying an additional 1,030,292 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock worth $367,767,000 after buying an additional 82,904 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business'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 completion of the transaction, the chief financial officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the transaction, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at $39,153,665.80. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 296,279 shares of company stock valued at $20,872,193. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup decreased their target price 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. Daiwa America raised eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Robert W. Baird boosted their price objective on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company raised their target price on shares of eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen raised shares of eBay from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $67.73.

eBay Trading Down 0.6%

eBay stock traded down $0.44 during mid-day trading on Thursday, reaching $77.44. 4,679,796 shares of the company traded hands, compared to its average volume of 4,993,471. The firm's 50 day moving average price is $69.54 and its 200 day moving average price is $67.09. eBay Inc. has a 52-week low of $51.72 and a 52-week high of $79.84. 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 firm has a market capitalization of $35.70 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 2.22 and a beta of 1.27.

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

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. eBay's dividend payout ratio (DPR) is 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.