Boyar Asset Management Inc. Sells 3,999 Shares of eBay Inc. (NASDAQ:EBAY)

Boyar Asset Management Inc. decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 30.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,100 shares of the e-commerce company's stock after selling 3,999 shares during the period. Boyar Asset Management Inc.'s holdings in eBay were worth $616,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EBAY. IFP Advisors Inc increased its position in eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after buying an additional 163 shares during the period. Advisor OS LLC bought a new position in shares of eBay in the fourth quarter worth $688,000. NewEdge Wealth LLC increased its position in shares of eBay by 8.8% in the fourth quarter. NewEdge Wealth LLC now owns 461,587 shares of the e-commerce company's stock worth $28,595,000 after purchasing an additional 37,457 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of eBay by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 202,400 shares of the e-commerce company's stock worth $12,539,000 after purchasing an additional 3,400 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of eBay by 2.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 34,960 shares of the e-commerce company's stock worth $2,166,000 after purchasing an additional 879 shares during the period. Institutional investors own 87.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company raised their price target on eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a research report on Monday, May 12th. Cantor Fitzgerald raised their price target on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Cfra Research upgraded eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Finally, Citigroup decreased their price target on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus target price of $67.73.

Insiders Place Their Bets

In other news, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction that occurred on 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 now owns 123,282 shares in the company, valued at $8,559,469.26. The trade was a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. This represents a 30.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 315,918 shares of company stock worth $22,432,706. 0.64% of the stock is owned by corporate insiders.

eBay Trading Up 0.1%

EBAY stock traded up $0.08 during mid-day trading on Friday, reaching $73.76. The company's stock had a trading volume of 7,438,208 shares, compared to its average volume of 5,035,479. The company has a market cap of $34.00 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 2.06 and a beta of 1.27. The business's 50 day moving average price is $72.64 and its 200 day moving average price is $68.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay Inc. has a 12 month low of $52.03 and a 12 month high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results 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 during 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 firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. On average, equities research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.57%. eBay's payout ratio is currently 27.62%.

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.