US Bancorp DE Boosts Stake in eBay Inc. (NASDAQ:EBAY)

Key Points

• US Bancorp DE increased its stake in eBay Inc. by 4.1%, owning 104,754 shares valued at $7,095,000 following the purchase of 4,097 additional shares in the first quarter.
• eBay announced a quarterly dividend of $0.29 per share, which will be paid on September 12th, representing a 1.3% dividend yield.
• Recent insider transactions included SVP Julie A. Loeger selling 75,952 shares worth over $7 million, resulting in a significant decrease in her ownership position by 58.85%.

US Bancorp DE increased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,754 shares of the e-commerce company's stock after acquiring an additional 4,097 shares during the period. US Bancorp DE's holdings in eBay were worth $7,095,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EBAY. Rosenberg Matthew Hamilton increased its position in shares of eBay by 36.5% during the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after purchasing an additional 160 shares during the last quarter. Capital Investment Advisory Services LLC increased its holdings in eBay by 4.0% during 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. Journey Strategic Wealth LLC increased its holdings in eBay by 4.4% during the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock valued at $266,000 after buying an additional 166 shares during the last quarter. Hohimer Wealth Management LLC raised its position in eBay by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock worth $4,024,000 after acquiring an additional 167 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of eBay by 1.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,149 shares of the e-commerce company's stock worth $620,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Trading Up 1.4%

Shares of NASDAQ:EBAY traded up $1.26 during trading on Wednesday, hitting $92.54. The company had a trading volume of 4,729,200 shares, compared to its average volume of 5,620,552. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The company has a fifty day simple moving average of $78.22 and a two-hundred day simple moving average of $71.09. eBay Inc. has a one year low of $54.80 and a one year high of $93.46.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the company earned $1.18 earnings per share. eBay's revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay's payout ratio is presently 25.55%.

Insiders Place Their Bets

In other news, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction that occurred on Friday, May 9th. The shares were 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 owned 123,282 shares of the company's stock, valued at approximately $8,559,469.26. The trade was a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total value of $961,196.88. Following the completion of the sale, the chief executive officer owned 317,625 shares of the company's stock, valued at $24,145,852.50. This represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 403,174 shares of company stock worth $30,848,146 in the last 90 days. 0.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EBAY has been the subject of several analyst reports. TD Securities upped their price objective on eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Morgan Stanley lifted their price objective on eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company increased their target price on shares of eBay from $66.00 to $84.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Bank of America lifted their price target on shares of eBay from $71.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, Barclays restated an "overweight" rating and set a $92.00 price objective (up from $77.00) on shares of eBay in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $77.69.

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.