eBay Inc. (NASDAQ:EBAY) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 32.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 153,568 shares of the e-commerce company’s stock after buying an additional 37,979 shares during the quarter. QRG Capital Management Inc.’s holdings in eBay were worth $10,401,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. Van ECK Associates Corp increased its stake in eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock valued at $8,800,000 after purchasing an additional 139,315 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in eBay by 1.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 206,425 shares of the e-commerce company’s stock worth $12,966,000 after acquiring an additional 3,514 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in eBay by 8.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,267 shares of the e-commerce company’s stock worth $388,000 after acquiring an additional 493 shares during the last quarter. Principal Securities Inc. increased its stake in eBay by 3.0% during the fourth quarter. Principal Securities Inc. now owns 27,920 shares of the e-commerce company’s stock worth $1,730,000 after acquiring an additional 810 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of eBay by 45.5% in the fourth quarter. Allworth Financial LP now owns 8,225 shares of the e-commerce company’s stock valued at $525,000 after buying an additional 2,573 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 10,000 shares of eBay stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $67.96, for a total transaction of $679,600.00. Following the transaction, the chief executive officer now directly owns 580,754 shares in the company, valued at approximately $39,468,041.84. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 292,321 shares of company stock valued at $20,606,770 in the last quarter. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EBAY shares. Daiwa America upgraded eBay from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 12th. Truist Financial lifted their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on shares of eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Finally, Daiwa Capital Markets raised shares of eBay from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.73.

eBay Stock Up 0.5%

Shares of eBay stock opened at $77.71 on Tuesday. The business’s fifty day moving average price is $70.58 and its two-hundred day moving average price is $67.40. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $35.82 billion, a P/E ratio of 19.53, a PEG ratio of 2.22 and a beta of 1.27. eBay Inc. has a 1-year low of $51.72 and a 1-year high of $79.84.

eBay (NASDAQ:EBAY) last announced 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 firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm’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 earned $1.25 EPS. As a group, research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

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

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.