Taylor Hoffman Capital Management LLC Has $6.30 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Taylor Hoffman Capital Management LLC lifted its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 101,642 shares of the e-commerce company's stock after acquiring an additional 3,806 shares during the period. eBay accounts for 2.3% of Taylor Hoffman Capital Management LLC's portfolio, making the stock its 11th biggest holding. Taylor Hoffman Capital Management LLC's holdings in eBay were worth $6,297,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new position in eBay during the 4th quarter worth $27,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay during the fourth quarter valued at about $33,000. Transce3nd LLC bought a new stake in shares of eBay during the fourth quarter valued at about $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay in the fourth quarter worth about $36,000. Finally, Lee Danner & Bass Inc. bought a new position in eBay in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on EBAY. Morgan Stanley raised their target price on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of eBay from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Robert W. Baird upped their target price on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Piper Sandler increased 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. Finally, Stifel Nicolaus boosted their price objective on eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, eBay currently has an average rating of "Hold" and an average target price of $67.42.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president now owns 123,282 shares of the company's stock, valued at approximately $8,559,469.26. The trade was a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 280,650 shares of company stock worth $19,637,729 in the last 90 days. Company insiders own 0.64% of the company's stock.

eBay Trading Down 0.3%

Shares of NASDAQ:EBAY traded down $0.23 during mid-day trading on Monday, hitting $71.92. The stock had a trading volume of 3,562,275 shares, compared to its average volume of 4,975,230. The company's 50 day moving average is $67.15 and its 200-day moving average is $65.91. eBay Inc. has a 12-month low of $51.38 and a 12-month high of $72.94. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $33.16 billion, a PE ratio of 18.07, a P/E/G ratio of 2.22 and a beta of 1.30.

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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. On average, sell-side analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.61%. 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.