Vest Financial LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Vest Financial LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 654,216 shares of the e-commerce company's stock, valued at approximately $44,310,000. Vest Financial LLC owned 0.14% of eBay as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after buying an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP boosted its holdings in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after purchasing an additional 2,277,839 shares during the period. Dimensional Fund Advisors LP grew its stake in eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after buying an additional 245,624 shares in the last quarter. Northern Trust Corp grew its holdings in shares of eBay by 17.8% during the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after purchasing an additional 1,030,292 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of eBay by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after purchasing an additional 82,904 shares during the period. Institutional investors own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EBAY. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Evercore ISI increased their price objective on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Wall Street Zen raised shares of eBay from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Finally, Susquehanna lifted their price target on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, eBay currently has an average rating of "Hold" and a consensus target price of $67.65.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total value of $6,694,013.70. Following the completion of the transaction, the senior vice president now owns 123,282 shares of the company's stock, valued at $8,883,700.92. The trade was a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 280,650 shares of company stock valued at $19,637,729 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

eBay Stock Up 1.0%

EBAY traded up $0.75 during trading on Monday, hitting $79.36. The stock had a trading volume of 4,877,205 shares, compared to its average volume of 4,976,570. eBay Inc. has a twelve month low of $51.72 and a twelve month high of $79.65. The stock has a 50 day simple moving average of $68.74 and a two-hundred day simple moving average of $66.82. 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 capitalization of $36.58 billion, a PE ratio of 19.94, a PEG ratio of 2.22 and a beta of 1.27.

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, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. On average, research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend 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.