eBay Inc. (NASDAQ:EBAY) Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC raised its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 114.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,809 shares of the e-commerce company's stock after acquiring an additional 8,969 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in eBay were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Orion Capital Management LLC bought a new stake in eBay during the 4th quarter valued at approximately $27,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay during the fourth quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in eBay during the 4th quarter worth about $33,000. Transce3nd LLC acquired a new stake in shares of eBay in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new stake in shares of eBay during the fourth quarter worth approximately $38,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $79.06, for a total transaction of $999,634.64. Following the completion of the sale, the chief executive officer now directly owns 325,053 shares in the company, valued at approximately $25,698,690.18. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the company'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 completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 292,321 shares of company stock worth $20,606,770 over the last quarter. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EBAY. BMO Capital Markets increased their target price on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. TD Securities raised 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. Cfra Research raised eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Needham & Company LLC lifted their price objective on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $67.73.

eBay Price Performance

Shares of EBAY traded down $0.12 during mid-day trading on Wednesday, hitting $77.28. 3,093,057 shares of the stock were exchanged, compared to its average volume of 4,982,465. The company has a market cap of $35.63 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.17 and a beta of 1.27. eBay Inc. has a 52-week low of $52.03 and a 52-week high of $79.84. The firm has a 50-day moving average of $70.89 and a two-hundred day moving average of $67.47. 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 announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. On average, equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. eBay's dividend payout ratio is presently 27.62%.

About eBay

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.