eBay Inc. (NASDAQ:EBAY) Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in eBay by 12.1% during the first quarter, now owning approximately 0.08% of the company, equating to $24.2 million.
• eBay reported a quarterly earnings per share (EPS) of $1.37, exceeding estimates, alongside revenues of $2.73 billion, which reflects a 6.1% year-over-year increase.
• The company recently declared a quarterly dividend of $0.29 per share, representing a 1.3% dividend yield, with payments scheduled for September 12th.

LPL Financial LLC lifted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 12.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 357,684 shares of the e-commerce company's stock after purchasing an additional 38,566 shares during the period. LPL Financial LLC owned 0.08% of eBay worth $24,226,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in eBay in the fourth quarter valued at approximately $27,000. Abound Financial LLC bought a new position in shares of eBay during the 1st quarter valued at about $29,000. Pinney & Scofield Inc. acquired a new position in shares of eBay in the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay during the 4th quarter worth approximately $33,000. Finally, Transce3nd LLC bought a new position in eBay in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 2,985 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the transaction, the senior vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the sale, the chief executive officer directly owned 317,625 shares of the company's stock, valued at $24,145,852.50. The trade was a 3.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 403,174 shares of company stock valued at $30,848,146. 0.64% of the stock is owned by insiders.

eBay Price Performance

Shares of EBAY stock traded up $1.26 during mid-day trading on Wednesday, hitting $92.54. The company had a trading volume of 4,729,200 shares, compared to its average volume of 5,620,552. The stock's 50 day moving average price is $78.22 and its 200-day moving average price is $71.09. eBay Inc. has a 52-week low of $54.80 and a 52-week high of $93.46. The company has a market capitalization of $42.29 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.25 and a beta of 1.27. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.

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

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay's dividend payout ratio (DPR) is 25.55%.

Analyst Ratings Changes

EBAY has been the subject of a number of research analyst reports. Benchmark upped their target price on shares of eBay from $78.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Evercore ISI raised their target price on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Truist Financial increased their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Needham & Company LLC upped their price target on shares of eBay from $78.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Citigroup lowered their price objective on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, eBay currently has an average rating of "Hold" and a consensus price target of $77.69.

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.