HB Wealth Management LLC Has $1.08 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Key Points

• HB Wealth Management LLC raised its investment in eBay Inc. by 59.1%, acquiring an additional 5,902 shares, bringing its total holdings to 15,886 shares valued at approximately $1,076,000.
• Several large investors increased their stakes significantly in eBay, with Impax Asset Management expanding by 2,536.5%, now holding around 3.5 million shares worth $239 million.
• Analyst ratings for eBay are largely positive, with a consensus target price of $70.42, and several analysts raising their price objectives, indicating strong market sentiment for the stock.

HB Wealth Management LLC increased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 59.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,886 shares of the e-commerce company's stock after purchasing an additional 5,902 shares during the quarter. HB Wealth Management LLC's holdings in eBay were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EBAY. Ameriprise Financial Inc. raised its stake in shares of eBay by 12.4% in the 4th 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. Independent Franchise Partners LLP raised its stake in shares of eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after acquiring an additional 245,624 shares in the last quarter. Northern Trust Corp raised its stake in shares of eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after acquiring 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 shares of eBay by 7.1% in the 4th 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 valued at $361,428,000 after acquiring an additional 386,568 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Trading Down 0.0%

NASDAQ EBAY traded down $0.01 on Friday, reaching $91.74. The company had a trading volume of 11,877,960 shares, compared to its average volume of 5,614,609. The stock's 50 day moving average is $77.03 and its 200-day moving average is $70.49. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.05 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. eBay Inc. has a 52 week low of $54.55 and a 52 week high of $92.79.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating 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 return on equity of 38.17% and a net margin of 20.86%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 earnings per share. Equities analysts predict 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, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio is 25.55%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen raised eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. UBS Group set a $87.00 price target on eBay in a research report on Thursday. Evercore ISI lifted their price target on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Needham & Company LLC set a $95.00 price target on eBay and gave the stock a "buy" rating in a research report on Thursday. Finally, Cowen reaffirmed a "hold" rating on shares of eBay in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, eBay presently has an average rating of "Hold" and a consensus price target of $77.69.

Insiders Place Their Bets

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total value of $1,729,847.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of the stock in a transaction dated Friday, June 6th. The stock was 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 owned 92,053 shares of the company's stock, valued at $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 337,222 shares of company stock valued at $24,463,922 over the last ninety days. 0.64% of the stock is owned by insiders.

eBay Company 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.