TB Alternative Assets Ltd. Invests $4.32 Million in eBay Inc. (NASDAQ:EBAY)

TB Alternative Assets Ltd. acquired a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 63,703 shares of the e-commerce company's stock, valued at approximately $4,315,000. eBay comprises about 1.0% of TB Alternative Assets Ltd.'s holdings, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Smithfield Trust Co increased its holdings in shares of eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after buying an additional 153 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after buying an additional 163 shares during the last quarter. Bailard Inc. increased its holdings in shares of eBay by 0.5% during the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock worth $2,147,000 after buying an additional 169 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of eBay by 4.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company's stock worth $270,000 after buying an additional 169 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its holdings in eBay by 4.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company's stock valued at $267,000 after purchasing an additional 172 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This trade represents a 30.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 280,650 shares of company stock worth $19,637,729. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stifel Nicolaus increased their price target on eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st. BMO Capital Markets increased their price target on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Truist Financial increased their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, UBS Group increased their price target on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $67.65.

eBay Price Performance

EBAY opened at $78.61 on Friday. The firm has a market cap of $36.24 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. eBay Inc. has a fifty-two week low of $51.72 and a fifty-two week high of $79.50. The company's 50-day moving average price is $68.74 and its 200 day moving average price is $66.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. eBay's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. As a group, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. eBay's payout ratio is currently 27.62%.

eBay Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.