Monument Capital Management Purchases Shares of 43,770 eBay Inc. (NASDAQ:EBAY)

Monument Capital Management purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,770 shares of the e-commerce company's stock, valued at approximately $2,965,000.

Other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of eBay in the fourth quarter valued at $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay in the fourth quarter valued at $33,000. Transce3nd LLC purchased a new stake in shares of eBay in the fourth quarter valued at $36,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of eBay in the fourth quarter valued at $38,000. Institutional investors own 87.48% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EBAY shares. Stifel Nicolaus increased their target price on eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Evercore ISI increased their target price on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Piper Sandler increased their target price on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. UBS Group increased their target price on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Finally, Wedbush restated a "neutral" rating and issued a $72.00 target price on shares of eBay in a report on Wednesday, June 11th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $67.73.

eBay Trading Up 0.1%

Shares of NASDAQ:EBAY opened at $73.76 on Monday. The company has a market cap of $34.00 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.06 and a beta of 1.27. The stock's 50-day moving average is $72.64 and its 200-day moving average is $68.18. eBay Inc. has a 52-week low of $52.03 and a 52-week high of $79.84. 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 (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business earned $1.25 earnings per share. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 27.62%.

Insider Buying and Selling

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the transaction, the senior vice president now owns 44,413 shares in the company, valued at $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president now owns 123,282 shares of the company's stock, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 315,918 shares of company stock valued at $22,432,706 over the last three months. 0.64% of the stock is owned by corporate 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.

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