KBC Group NV Buys 5,856 Shares of eBay Inc. (NASDAQ:EBAY)

KBC Group NV increased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,735 shares of the e-commerce company's stock after acquiring an additional 5,856 shares during the quarter. KBC Group NV owned about 0.08% of eBay worth $25,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in shares of eBay during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new position in shares of eBay in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. bought a new stake in eBay in the 4th quarter valued at $33,000. Transce3nd LLC purchased a new position in shares of eBay in the fourth quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new stake in eBay in the fourth quarter worth $38,000. 87.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on EBAY. TD Securities upped their price objective on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Needham & Company LLC upped their target price on eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. Finally, Barclays boosted their target price on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $67.85.

eBay Stock Down 0.4%

EBAY traded down $0.32 during trading on Wednesday, reaching $75.78. The company had a trading volume of 3,920,746 shares, compared to its average volume of 5,040,754. The business's fifty day moving average price is $72.99 and its 200 day moving average price is $68.31. 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 12 month low of $52.14 and a 12 month high of $79.84. The company has a market cap of $34.93 billion, a P/E ratio of 18.04, a PEG ratio of 2.13 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data 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. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business's revenue was up 1.1% compared to the same quarter last year. Equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, May 30th. eBay's payout ratio is 27.62%.

Insider Buying and Selling at eBay

In related news, SVP Julie A. Loeger sold 92,895 shares of eBay stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total value of $6,694,013.70. Following the transaction, the senior vice president directly owned 123,282 shares of the company's stock, valued at $8,883,700.92. The trade was a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the transaction, the chief financial officer directly owned 65,080 shares of the company's stock, valued at $4,308,946.80. This represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 287,858 shares of company stock worth $20,529,676 over the last three months. 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.