Generali Investments Management Co LLC Buys 28,264 Shares of eBay Inc. (NASDAQ:EBAY)

Generali Investments Management Co LLC lifted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 253.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,406 shares of the e-commerce company's stock after acquiring an additional 28,264 shares during the period. Generali Investments Management Co LLC's holdings in eBay were worth $2,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vest Financial LLC acquired a new stake in eBay during the first quarter worth $44,310,000. Retireful LLC acquired a new stake in shares of eBay in the 1st quarter valued at $299,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of eBay by 15.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,813 shares of the e-commerce company's stock valued at $191,000 after purchasing an additional 380 shares in the last quarter. HF Advisory Group LLC boosted its stake in shares of eBay by 61.9% in the 1st quarter. HF Advisory Group LLC now owns 18,303 shares of the e-commerce company's stock valued at $1,240,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Greenfield Savings Bank boosted its stake in shares of eBay by 15.8% in the 1st quarter. Greenfield Savings Bank now owns 5,071 shares of the e-commerce company's stock valued at $343,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Trading Up 1.0%

Shares of EBAY stock traded up $0.75 on Monday, reaching $79.36. The company had a trading volume of 4,877,205 shares, compared to its average volume of 4,976,570. 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 stock has a market cap of $36.58 billion, a PE ratio of 19.94, a PEG ratio of 2.22 and a beta of 1.27. The company has a 50-day moving average of $68.74 and a 200-day moving average of $66.82. eBay Inc. has a 12 month low of $51.72 and a 12 month high of $79.65.

eBay (NASDAQ:EBAY - Get Free Report) last posted its 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. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the prior year, the business earned $1.25 EPS. eBay's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. eBay's dividend payout ratio is currently 27.62%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Robert W. Baird lifted their price objective on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Truist Financial upped their price target on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Daiwa America upgraded shares of eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Daiwa Capital Markets upgraded shares of 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. Finally, Citigroup reduced their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, eBay currently has an average rating of "Hold" and an average target price of $67.65.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction 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 sale, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the sale, the senior vice president now directly owns 123,282 shares of the company's stock, valued at $8,559,469.26. This represents a 50.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,650 shares of company stock valued at $19,637,729. 0.64% of the stock is owned by insiders.

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.