Vest Financial LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Vest Financial LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retireful LLC purchased a new position in shares of eBay during the 1st quarter valued at approximately $299,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of eBay by 15.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,813 shares of the e-commerce company's stock valued at $191,000 after purchasing an additional 380 shares in the last quarter. HF Advisory Group LLC raised its position in shares of eBay by 61.9% in the first quarter. HF Advisory Group LLC now owns 18,303 shares of the e-commerce company's stock worth $1,240,000 after acquiring an additional 7,000 shares during the period. Greenfield Savings Bank raised its position in shares of eBay by 15.8% in the first quarter. Greenfield Savings Bank now owns 5,071 shares of the e-commerce company's stock worth $343,000 after acquiring an additional 691 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new position in shares of eBay in the first quarter worth about $269,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

NASDAQ EBAY traded up $0.87 during trading hours on Friday, hitting $78.61. 4,755,818 shares of the company's stock traded hands, compared to its average volume of 4,974,083. eBay Inc. has a 52-week low of $51.72 and a 52-week high of $79.50. The company has a market capitalization of $36.24 billion, a PE ratio of 19.75, a PEG ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm's 50-day moving average is $68.74 and its 200-day moving average is $66.74.

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 the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the company earned $1.25 EPS. eBay's revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the transaction, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. This represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,650 shares of company stock valued at $19,637,729 over the last 90 days. 0.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Truist Financial upped their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a research report on Thursday. Daiwa America upgraded shares of eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Finally, BMO Capital Markets upped their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $67.65.

eBay 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.