National Bank of Canada FI grew its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 18.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,405 shares of the e-commerce company's stock after purchasing an additional 29,858 shares during the period. National Bank of Canada FI's holdings in eBay were worth $12,828,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in eBay in the 4th quarter worth $27,000. Abound Financial LLC acquired a new stake in eBay in the 1st quarter worth $29,000. Pinney & Scofield Inc. acquired a new stake in eBay in the 4th quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay in the 4th quarter worth $33,000. Finally, Transce3nd LLC acquired a new stake in eBay in the 4th quarter worth $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the completion of the sale, the senior vice president owned 53,107 shares of the company's stock, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The disclosure for this sale can be found here. Insiders sold a total of 276,104 shares of company stock worth $22,025,676 over the last three months. Company insiders own 0.64% of the company's stock.
eBay Trading Up 2.3%
EBAY opened at $95.30 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $43.55 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27. The firm has a 50 day simple moving average of $79.84 and a 200 day simple moving average of $71.93. eBay Inc. has a fifty-two week low of $54.80 and a fifty-two week high of $95.37.
eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results 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%. eBay's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 earnings per share. On average, sell-side analysts anticipate 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 will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's dividend payout ratio is presently 25.55%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Cowen reissued a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. Wedbush reissued a "neutral" rating and issued a $72.00 target price on shares of eBay in a research note on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. TD Securities upped their target price on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Citizens Jmp raised shares of eBay to a "hold" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $78.19.
View Our Latest Report on EBAY
eBay Company Profile
(
Free Report)
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.
See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.