Nia Impact Advisors LLC Makes New $2.84 Million Investment in eBay Inc. (NASDAQ:EBAY)

Nia Impact Advisors LLC acquired a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 45,863 shares of the e-commerce company's stock, valued at approximately $2,841,000.

Several other hedge funds have also recently bought and sold shares of the company. Smithfield Trust Co lifted its holdings in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after purchasing an additional 153 shares during the period. Cypress Wealth Services LLC raised its position in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after buying an additional 157 shares in the last quarter. IFP Advisors Inc raised its position in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after buying an additional 163 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after acquiring an additional 167 shares during the period. Finally, Bailard Inc. lifted its stake in shares of eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock worth $2,147,000 after acquiring an additional 169 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. The trade was a 30.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 187,755 shares of company stock valued at $12,943,715 in the last quarter. Company insiders own 0.38% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on EBAY. Cantor Fitzgerald raised their price objective on shares of eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI increased their price target on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. UBS Group raised their target price on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Finally, Morgan Stanley lifted their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $67.42.

eBay Stock Up 1.8%

Shares of EBAY stock traded up $1.24 on Friday, reaching $71.84. 5,573,025 shares of the company's stock traded hands, compared to its average volume of 4,987,271. The company has a market capitalization of $33.12 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. eBay Inc. has a 12-month low of $51.02 and a 12-month high of $71.90. 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 business's 50 day moving average price is $66.49 and its two-hundred day moving average price is $65.43.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion for 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 business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. On average, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current 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 1.61%. eBay's payout ratio is 27.62%.

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.