Price T Rowe Associates Inc. MD Acquires 23,281 Shares of eBay Inc. (NASDAQ:EBAY)

Price T Rowe Associates Inc. MD boosted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 782,755 shares of the e-commerce company's stock after buying an additional 23,281 shares during the period. Price T Rowe Associates Inc. MD owned 0.16% of eBay worth $48,493,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co bought a new stake in eBay during the third quarter worth approximately $203,000. World Investment Advisors LLC bought a new stake in shares of eBay in the 3rd quarter worth $2,947,000. Arvest Bank Trust Division bought a new position in eBay during the third quarter valued at about $9,716,000. Wilmington Savings Fund Society FSB acquired a new position in eBay during the third quarter worth about $241,000. Finally, Tidal Investments LLC raised its position in eBay by 7.5% in the third quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock worth $4,376,000 after acquiring an additional 4,677 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Analysts Set New Price Targets

EBAY has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of eBay from $54.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday. Bank of America dropped their target price on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Cantor Fitzgerald increased their target price on shares of eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday. Robert W. Baird lifted their price target on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Evercore ISI increased their price objective on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $67.12.

eBay Stock Performance

EBAY traded up $0.64 during trading hours on Friday, reaching $68.31. The company's stock had a trading volume of 4,013,165 shares, compared to its average volume of 4,992,304. The company's 50-day moving average is $65.87 and its 200-day moving average is $65.01. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The firm has a market cap of $31.83 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly 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 for 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%. eBay's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. On average, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock valued at $3,121,626 over the last quarter. 0.38% of the stock is owned by company insiders.

eBay Company 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.