Foundry Partners LLC Acquires 6,242 Shares of eBay Inc. (NASDAQ:EBAY)

Foundry Partners LLC grew its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,523 shares of the e-commerce company's stock after purchasing an additional 6,242 shares during the period. eBay makes up approximately 1.2% of Foundry Partners LLC's holdings, making the stock its 16th largest holding. Foundry Partners LLC owned approximately 0.07% of eBay worth $23,402,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EBAY. Rosenberg Matthew Hamilton lifted its stake in shares of eBay by 36.5% in the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after purchasing an additional 160 shares during the period. Capital Investment Advisory Services LLC increased its position in shares of eBay by 4.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after buying an additional 160 shares in the last quarter. Hohimer Wealth Management LLC increased its position in shares of eBay by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock valued at $4,024,000 after buying an additional 167 shares in the last quarter. Optas LLC increased its holdings in eBay by 0.5% during the 1st quarter. Optas LLC now owns 34,160 shares of the e-commerce company's stock worth $2,314,000 after purchasing an additional 169 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its holdings in eBay by 4.6% during the 4th quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company's stock worth $267,000 after purchasing an additional 172 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EBAY shares. Evercore ISI raised their price objective on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Wells Fargo & Company raised their target price on shares of eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Monday, June 30th. JMP Securities restated a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Stifel Nicolaus raised their price objective on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Susquehanna raised their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $68.12.

eBay Trading Up 1.8%

Shares of NASDAQ:EBAY traded up $1.35 during mid-day trading on Friday, reaching $78.14. 6,744,529 shares of the company's stock were exchanged, compared to its average volume of 5,072,218. The firm has a market capitalization of $36.02 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 2.18 and a beta of 1.26. The business's fifty day moving average price is $75.13 and its 200-day moving average price is $69.50. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. eBay Inc. has a twelve month low of $53.10 and a twelve month high of $79.84.

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

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, May 30th. eBay's payout ratio is presently 27.62%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total transaction of $831,280.50. Following the transaction, the chief executive officer directly owned 306,651 shares of the company's stock, valued at $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 347,222 shares of company stock valued at $25,143,522. Insiders own 0.64% of the company's stock.

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.