Victory Capital Management Inc. Has $323.92 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Victory Capital Management Inc. reduced its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 19.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,782,473 shares of the e-commerce company's stock after selling 1,154,035 shares during the period. Victory Capital Management Inc. owned approximately 1.03% of eBay worth $323,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its position in eBay by 18.9% during the 1st quarter. Larson Financial Group LLC now owns 3,842 shares of the e-commerce company's stock worth $260,000 after acquiring an additional 612 shares in the last quarter. Sage Mountain Advisors LLC acquired a new position in eBay during the 1st quarter worth approximately $238,000. Wealthfront Advisers LLC lifted its position in eBay by 96.8% during the 1st quarter. Wealthfront Advisers LLC now owns 60,525 shares of the e-commerce company's stock worth $4,099,000 after acquiring an additional 29,770 shares in the last quarter. Apollon Wealth Management LLC lifted its position in eBay by 20.5% during the 1st quarter. Apollon Wealth Management LLC now owns 11,889 shares of the e-commerce company's stock worth $805,000 after acquiring an additional 2,021 shares in the last quarter. Finally, Hohimer Wealth Management LLC lifted its position in eBay by 0.3% during the 1st 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 in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Up 1.3%

Shares of NASDAQ EBAY traded up $1.00 during mid-day trading on Friday, hitting $77.79. 987,229 shares of the company traded hands, compared to its average volume of 5,037,526. eBay Inc. has a 1 year low of $53.10 and a 1 year high of $79.84. The stock has a market capitalization of $35.86 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.15 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average of $74.96 and a two-hundred day moving average of $69.34.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion during 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%. eBay's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. On average, sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, May 30th. eBay's payout ratio is 27.62%.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the transaction, the senior vice president directly owned 44,413 shares in the company, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 347,222 shares of company stock valued at $25,143,522. Company insiders own 0.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on EBAY shares. Robert W. Baird boosted their price target on eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Stifel Nicolaus lifted their price objective on eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Evercore ISI lifted their price objective on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. JMP Securities restated a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Finally, Wells Fargo & Company lifted their price objective on eBay from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, June 30th. 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $68.12.

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.