New Age Alpha Advisors LLC Has $112,000 Position in eBay Inc. (NASDAQ:EBAY)

Key Points

• New Age Alpha Advisors LLC significantly reduced its stake in eBay by 96.0%, holding only 1,652 shares valued at approximately $112,000 after selling 39,901 shares in the 1st quarter.
• Several other institutional investors have recently entered positions in eBay, indicating growing interest, as 87.48% of the company's stock is now owned by such investors.
• eBay's recent earnings report showed earnings per share of $1.37, beating analysts' expectations, while the company also declared a quarterly dividend of $0.29 to be paid in September.

New Age Alpha Advisors LLC lessened its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 96.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,652 shares of the e-commerce company's stock after selling 39,901 shares during the period. New Age Alpha Advisors LLC's holdings in eBay were worth $112,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

EBAY has been the topic of several recent analyst reports. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Stifel Nicolaus upped their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. Benchmark increased their price objective on eBay from $78.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, TD Securities increased their price target on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, eBay has a consensus rating of "Hold" and an average target price of $78.19.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 12,644 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total value of $961,196.88. Following the completion of the sale, the chief executive officer owned 317,625 shares in the company, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the transaction, the senior vice president owned 92,053 shares in the company, valued at $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 276,104 shares of company stock worth $22,025,676. 0.64% of the stock is owned by company insiders.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $1.76 during trading hours on Tuesday, hitting $97.06. 5,688,721 shares of the company's stock were exchanged, compared to its average volume of 6,630,548. The stock has a market capitalization of $44.36 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.30 and a beta of 1.27. The company's 50-day moving average price is $80.26 and its 200-day moving average price is $72.11. 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 Inc. has a 1-year low of $54.80 and a 1-year high of $97.19.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. On average, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. eBay's payout ratio is presently 25.55%.

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.