4,032 Shares in eBay Inc. (NASDAQ:EBAY) Bought by Michael S. Ryan Inc.

Michael S. Ryan Inc. acquired a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,032 shares of the e-commerce company's stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EBAY. Ameriprise Financial Inc. boosted its position 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 worth $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP boosted its position 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 worth $692,517,000 after purchasing an additional 2,277,839 shares in the last quarter. Marshall Wace LLP boosted its position in shares of eBay by 304.2% in the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock worth $130,421,000 after purchasing an additional 1,584,404 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of eBay in the 4th quarter worth $96,214,000. Finally, Boston Partners boosted its position in shares of eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. The trade was a 30.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 296,279 shares of company stock valued at $20,872,193. 0.64% of the stock is currently owned by company insiders.

eBay Price Performance

Shares of eBay stock traded down $0.08 on Friday, hitting $77.36. 3,415,910 shares of the company were exchanged, compared to its average volume of 4,987,249. The stock has a market capitalization of $35.66 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. The company has a 50-day moving average price of $70.22 and a 200 day moving average price of $67.26. eBay Inc. has a 1-year low of $51.72 and a 1-year high of $79.84. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. As a group, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared 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 1.50%. The ex-dividend date was Friday, May 30th. eBay's payout ratio is presently 27.62%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EBAY shares. UBS Group raised their price objective on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Benchmark raised their target price on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Sanford C. Bernstein lowered eBay from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Piper Sandler raised their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Cfra Research upgraded eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.73.

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.