Retireful LLC Buys Shares of 4,446 eBay Inc. (NASDAQ:EBAY)

Retireful LLC purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,446 shares of the e-commerce company's stock, valued at approximately $299,000.

A number of other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its stake in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP increased its stake in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the period. Marshall Wace LLP increased its stake in eBay by 304.2% in the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock worth $130,421,000 after purchasing an additional 1,584,404 shares during the period. Raymond James Financial Inc. purchased a new stake in eBay in the fourth quarter worth $96,214,000. Finally, Boston Partners increased its stake in shares of eBay by 35.2% during the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after buying an additional 1,524,691 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02% 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, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,650 shares of company stock valued at $19,637,729. Corporate insiders own 0.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Monday, May 12th. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Piper Sandler raised their price target on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Robert W. Baird raised their price target on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets raised their price target on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $67.65.

eBay Trading Up 1.1%

NASDAQ:EBAY traded up $0.87 during trading hours on Friday, hitting $78.61. The company had a trading volume of 4,755,818 shares, compared to its average volume of 4,976,969. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $68.74 and a 200 day moving average of $66.82. The company has a market cap of $36.24 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.22 and a beta of 1.27. eBay Inc. has a 1 year low of $51.72 and a 1 year high of $79.50.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly 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 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the prior year, the business posted $1.25 EPS. The company's revenue was up 1.1% compared to the same quarter last year. Sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio (DPR) 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.