eBay Inc. (NASDAQ:EBAY) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 47.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,357 shares of the e-commerce company's stock after buying an additional 24,840 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in eBay were worth $4,792,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EBAY. Golden State Wealth Management LLC acquired a new position in eBay during the fourth quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new position in shares of eBay in the 4th quarter valued at $27,000. Pinney & Scofield Inc. purchased a new position in shares of eBay in the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay during the 4th quarter valued at $33,000. Finally, Transce3nd LLC purchased a new stake in eBay during the 4th quarter worth $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research reports. Morgan Stanley raised their price objective on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Cantor Fitzgerald boosted their price target on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their price objective on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Benchmark lifted their price objective on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Two investment 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $67.65.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $1.15 during trading on Wednesday, reaching $77.10. The stock had a trading volume of 6,283,163 shares, compared to its average volume of 4,967,751. 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 stock has a market cap of $35.54 billion, a PE ratio of 19.37, a P/E/G ratio of 2.22 and a beta of 1.30. eBay Inc. has a one year low of $51.72 and a one year high of $77.31. The firm's 50 day moving average price is $68.12 and its two-hundred day moving average price is $66.43.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. On average, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.50%. eBay's dividend payout ratio (DPR) is 27.62%.

Insiders Place Their Bets

In other news, 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 directly owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the firm's 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 sale, the senior vice president now directly owns 123,282 shares in the company, valued at approximately $8,883,700.92. This trade represents a 42.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 280,650 shares of company stock valued at $19,637,729 over the last quarter. 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.