Stephens Inc. AR Has $6.89 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Stephens Inc. AR lifted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 10.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,684 shares of the e-commerce company's stock after purchasing an additional 9,826 shares during the quarter. Stephens Inc. AR's holdings in eBay were worth $6,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in eBay during the 4th quarter valued at $8,644,000. AlphaQuest LLC raised its stake in eBay by 72,975.0% during the 4th quarter. AlphaQuest LLC now owns 2,923 shares of the e-commerce company's stock valued at $181,000 after acquiring an additional 2,919 shares in the last quarter. Moors & Cabot Inc. bought a new stake in eBay during the 4th quarter valued at $366,000. Sequoia Financial Advisors LLC raised its stake in eBay by 8.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 15,306 shares of the e-commerce company's stock valued at $948,000 after acquiring an additional 1,205 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in eBay by 9.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,874 shares of the e-commerce company's stock valued at $178,000 after acquiring an additional 250 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 0.5%

Shares of NASDAQ:EBAY traded down $0.41 on Tuesday, reaching $77.22. The company had a trading volume of 3,587,683 shares, compared to its average volume of 5,050,811. eBay Inc. has a twelve month low of $53.10 and a twelve month high of $79.84. The stock has a 50-day moving average price of $74.55 and a 200 day moving average price of $69.13. The stock has a market capitalization of $35.60 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.17 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 (NASDAQ:EBAY - Get Free Report) last announced 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 36.60% and a net margin of 19.78%. The company had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business's quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.29 dividend. The ex-dividend date 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 currently 27.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EBAY. Wells Fargo & Company lifted their target price on eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Monday, June 30th. Citizens Jmp upgraded eBay to a "hold" rating in a research report on Thursday, July 10th. Susquehanna lifted their price target on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Robert W. Baird lifted their price target on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus lifted their price target on eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, eBay presently has a consensus rating of "Hold" and an average target price of $68.12.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the transaction, the chief executive officer directly owned 306,651 shares in the company, valued at approximately $23,228,813.25. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president owned 92,053 shares in the company, valued at $7,241,809.51. The trade was a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 326,183 shares of company stock worth $23,490,942 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

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.