eBay Inc. (NASDAQ:EBAY) Shares Acquired by Northstar Advisory Group LLC

Northstar Advisory Group LLC boosted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 111.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,721 shares of the e-commerce company's stock after purchasing an additional 23,023 shares during the period. eBay makes up about 1.9% of Northstar Advisory Group LLC's 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of EBAY. Ameriprise Financial Inc. raised its stake in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP increased its stake in shares of eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after buying an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $435,665,000 after purchasing an additional 245,624 shares during the last quarter. Northern Trust Corp raised its stake in eBay by 17.8% during the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after buying an additional 1,030,292 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in eBay by 1.4% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president now owns 123,282 shares of the company's stock, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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 Trading Up 1.0%

NASDAQ EBAY traded up $0.75 during trading on Monday, hitting $79.36. The company had a trading volume of 4,877,205 shares, compared to its average volume of 4,976,569. The company's fifty day moving average is $68.74 and its 200-day moving average is $66.82. eBay Inc. has a one year low of $51.72 and a one year high of $79.65. 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 company has a market cap of $36.58 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the business earned $1.25 EPS. eBay's revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, May 30th. eBay's payout ratio is 27.62%.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of research reports. Daiwa America raised eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Wall Street Zen upgraded shares of eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. BMO Capital Markets upped their price target on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Piper Sandler raised their price objective on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $67.65.

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.