World Investment Advisors Grows Position in eBay Inc. (NASDAQ:EBAY)

World Investment Advisors boosted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,761 shares of the e-commerce company's stock after buying an additional 5,104 shares during the quarter. World Investment Advisors' holdings in eBay were worth $3,641,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of eBay during the fourth quarter worth $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay in the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay in the fourth quarter worth about $33,000. North Capital Inc. bought a new stake in shares of eBay in the first quarter worth about $38,000. Finally, Ameriflex Group Inc. acquired a new position in shares of eBay during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore ISI upped their price objective on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Piper Sandler upped their price objective on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. TD Securities increased their target price 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 increased their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, eBay has a consensus rating of "Hold" and an average price target of $67.85.

eBay Stock Performance

Shares of EBAY stock traded down $0.25 during trading on Tuesday, hitting $75.66. The company's stock had a trading volume of 401,058 shares, compared to its average volume of 5,028,565. The company has a market cap of $34.88 billion, a PE ratio of 18.04, a P/E/G ratio of 2.13 and a beta of 1.26. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average of $73.72 and a 200-day moving average of $68.67. eBay Inc. has a 52 week low of $52.15 and a 52 week high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results 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. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. As a group, research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.53%. eBay's dividend payout ratio (DPR) is presently 27.62%.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 10,974 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares of the company's stock, valued at $23,228,813.25. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 2,985 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares in the company, valued at $7,241,809.51. The trade was a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 326,183 shares of company stock worth $23,490,942. Company 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.