eBay Inc. (NASDAQ:EBAY) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lowered its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 53.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,086 shares of the e-commerce company's stock after selling 19,725 shares during the quarter. SteelPeak Wealth LLC's holdings in eBay were worth $1,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MJP Associates Inc. ADV raised its stake in eBay by 16.7% during the 1st quarter. MJP Associates Inc. ADV now owns 10,890 shares of the e-commerce company's stock valued at $738,000 after acquiring an additional 1,555 shares during the last quarter. Cerity Partners LLC increased its stake in eBay by 23.3% in the 1st quarter. Cerity Partners LLC now owns 108,387 shares of the e-commerce company's stock valued at $7,341,000 after buying an additional 20,497 shares during the period. Allworth Financial LP raised its position in eBay by 2.2% during the 1st quarter. Allworth Financial LP now owns 8,402 shares of the e-commerce company's stock worth $565,000 after buying an additional 177 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of eBay by 7.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 5,308 shares of the e-commerce company's stock worth $360,000 after acquiring an additional 348 shares during the period. Finally, Greenleaf Trust boosted its holdings in shares of eBay by 2.0% in the first quarter. Greenleaf Trust now owns 22,609 shares of the e-commerce company's stock valued at $1,531,000 after acquiring an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday. Truist Financial raised their target price on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Cfra Research raised shares of eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Stifel Nicolaus increased their price target on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Piper Sandler boosted their price objective on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $68.12.

eBay Stock Down 0.1%

NASDAQ EBAY traded down $0.11 during trading hours on Friday, hitting $77.11. The company had a trading volume of 3,593,286 shares, compared to its average volume of 5,051,451. The firm's 50 day moving average is $74.41 and its 200 day moving average is $68.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. eBay Inc. has a fifty-two week low of $53.10 and a fifty-two week high of $79.84. The company has a market capitalization of $35.55 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 2.16 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company's revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. Sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is 27.62%.

Insider Activity

In other news, SVP Julie A. Loeger sold 127,070 shares of the firm'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 completion of the sale, the senior vice president directly owned 123,282 shares in the company, valued at $8,559,469.26. This trade represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president owned 92,053 shares in the company, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 326,183 shares of company stock worth $23,490,942. 0.64% of the stock is owned by corporate insiders.

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.