Trust Investment Advisors Makes New $231,000 Investment in eBay Inc. (NASDAQ:EBAY)

Trust Investment Advisors purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,408 shares of the e-commerce company's stock, valued at approximately $231,000.

Several other institutional investors have also bought and sold shares of EBAY. Rosenberg Matthew Hamilton lifted its position in shares of eBay by 36.5% in the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after buying an additional 160 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of eBay by 4.0% in the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after buying an additional 160 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in shares of eBay by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock valued at $4,024,000 after buying an additional 167 shares during the last quarter. Optas LLC lifted its position in shares of eBay by 0.5% in the first quarter. Optas LLC now owns 34,160 shares of the e-commerce company's stock valued at $2,314,000 after buying an additional 169 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in shares of eBay by 4.6% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company's stock worth $267,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EBAY. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research note on Monday, May 12th. UBS Group increased their target price on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. increased their target price on eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Finally, Robert W. Baird increased their target price on eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $68.12.

eBay Trading Down 0.2%

Shares of NASDAQ:EBAY traded down $0.13 during midday trading on Thursday, reaching $76.79. The company's stock had a trading volume of 4,355,409 shares, compared to its average volume of 5,432,481. The firm has a market capitalization of $35.40 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.16 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day moving average price of $74.83 and a two-hundred day moving average price of $69.24. eBay Inc. has a fifty-two week low of $53.10 and a fifty-two week high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 36.60% and a net margin of 19.78%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. As a group, analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio is currently 27.62%.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 92,053 shares of the company's stock, valued at $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $75.04, for a total value of $1,666,413.28. Following the completion of the transaction, the senior vice president directly owned 22,206 shares of the company's stock, valued at approximately $1,666,338.24. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 325,016 shares of company stock valued at $23,413,675. Company insiders own 0.64% of the company's stock.

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.