eBay Inc. (NASDAQ:EBAY) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 7.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,357,892 shares of the e-commerce company's stock after purchasing an additional 91,537 shares during the period. Envestnet Asset Management Inc. owned about 0.29% of eBay worth $91,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EBAY. Penserra Capital Management LLC lifted its position in shares of eBay by 0.8% in the first quarter. Penserra Capital Management LLC now owns 82,376 shares of the e-commerce company's stock valued at $5,577,000 after acquiring an additional 641 shares in the last quarter. Sierra Ocean LLC lifted its position in shares of eBay by 84.9% in the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after acquiring an additional 247 shares in the last quarter. World Investment Advisors lifted its position in shares of eBay by 10.5% in the first quarter. World Investment Advisors now owns 53,761 shares of the e-commerce company's stock valued at $3,641,000 after acquiring an additional 5,104 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of eBay in the first quarter valued at about $108,000. Finally, Olde Wealth Management LLC purchased a new position in shares of eBay in the first quarter valued at about $71,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Performance

EBAY traded up $0.52 on Monday, reaching $77.63. The company had a trading volume of 3,283,263 shares, compared to its average volume of 5,048,996. eBay Inc. has a 1 year low of $53.10 and a 1 year high of $79.84. The stock has a market capitalization of $35.79 billion, a PE ratio of 18.48, a P/E/G ratio of 2.16 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average price of $74.41 and a 200-day moving average price of $69.02.

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

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.49%. eBay's dividend payout ratio is presently 27.62%.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president directly owned 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the transaction, the senior vice president owned 44,413 shares in the company, valued at approximately $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 326,183 shares of company stock valued at $23,490,942. Company insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. TD Securities boosted 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. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a report on Monday, May 12th. Susquehanna lifted their target price on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, Cfra Research raised eBay to a "moderate buy" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $68.12.

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.