10,699 Shares in eBay Inc. $EBAY Purchased by Harfst & Associates Inc.

Key Points

• Harfst & Associates Inc. acquired a new stake in eBay, purchasing 10,699 shares valued at approximately $725,000 in the first quarter.
• eBay reported a 6.1% increase in year-over-year revenue, with earnings per share surpassing expectations at $1.37 for the last quarter.
• The company announced a quarterly dividend of $0.29 per share, with a dividend yield of 1.2%, set to be paid out on September 12th.

Harfst & Associates Inc. purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,699 shares of the e-commerce company's stock, valued at approximately $725,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in shares of eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares in the last quarter. Invesco Ltd. raised its stake in eBay by 8.0% in the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock worth $571,736,000 after buying an additional 627,823 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in eBay by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after buying an additional 245,624 shares in the last quarter. Northern Trust Corp raised its stake in eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock worth $421,834,000 after buying an additional 1,030,292 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in eBay by 7.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,834,195 shares of the e-commerce company's stock worth $361,428,000 after buying an additional 386,568 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity

In related news, SVP Julie A. Loeger sold 92,895 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the transaction, the senior vice president owned 123,282 shares in the company, valued at $8,883,700.92. This represents a 42.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the transaction, the chief executive officer owned 317,625 shares of the company's stock, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 276,104 shares of company stock worth $22,025,676. 0.64% of the stock is currently owned by insiders.

eBay Price Performance

Shares of eBay stock traded down $1.67 during trading hours on Monday, reaching $99.03. The stock had a trading volume of 5,476,370 shares, compared to its average volume of 5,626,860. The stock's 50 day moving average is $81.59 and its 200 day moving average is $72.84. The firm has a market capitalization of $45.26 billion, a PE ratio of 21.81, a PEG ratio of 2.43 and a beta of 1.27. eBay Inc. has a twelve month low of $55.29 and a twelve month high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Equities analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. eBay's dividend payout ratio is 25.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EBAY shares. Wall Street Zen downgraded shares of eBay from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Piper Sandler lifted their price target on shares of eBay from $74.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Arete Research raised shares of eBay from a "strong sell" rating to a "hold" rating in a report on Thursday, August 7th. Finally, Cfra Research raised shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, eBay currently has an average rating of "Hold" and a consensus target price of $78.19.

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.