Northern Financial Advisors Inc Takes $481,000 Position in eBay Inc. (NASDAQ:EBAY)

Northern Financial Advisors Inc purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,095 shares of the e-commerce company's stock, valued at approximately $481,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Abound Financial LLC purchased a new stake in shares of eBay in the 1st quarter worth $29,000. Orion Capital Management LLC purchased a new stake in eBay in the fourth quarter worth about $27,000. Pinney & Scofield Inc. purchased a new position in shares of eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay during the 4th quarter valued at approximately $33,000. Finally, Sierra Ocean LLC increased its holdings in eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after acquiring an additional 247 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EBAY shares. TD Securities upped 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. Barclays upped their price objective on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Cfra Research raised eBay to a "moderate buy" rating in a report on Thursday, June 5th. Stifel Nicolaus increased their price objective on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Needham & Company LLC raised their target price on shares of eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $69.42.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 10,974 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total transaction of $831,280.50. Following the completion of the sale, the chief executive officer owned 306,651 shares of the company's stock, valued at approximately $23,228,813.25. This represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the transaction, the senior vice president directly owned 92,053 shares in the company, valued at $7,241,809.51. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 347,222 shares of company stock valued at $25,143,522. Insiders own 0.64% of the company's stock.

eBay Stock Down 1.2%

Shares of eBay stock traded down $1.02 during trading on Friday, reaching $81.43. The company's stock had a trading volume of 6,918,770 shares, compared to its average volume of 4,203,957. The company has a 50-day simple moving average of $76.26 and a two-hundred day simple moving average of $70.11. The company has a market cap of $37.54 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.27 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay Inc. has a 1-year low of $53.64 and a 1-year high of $83.53.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. As a group, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

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.