Janney Montgomery Scott LLC Purchases 27,159 Shares of eBay Inc. (NASDAQ:EBAY)

Janney Montgomery Scott LLC grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 5.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 563,693 shares of the e-commerce company’s stock after purchasing an additional 27,159 shares during the period. Janney Montgomery Scott LLC’s holdings in eBay were worth $38,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smithfield Trust Co boosted its stake in eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after purchasing an additional 153 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 163 shares in the last quarter. Bailard Inc. boosted its position in shares of eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after buying an additional 169 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in eBay by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company’s stock worth $270,000 after buying an additional 169 shares in the last quarter. Finally, Optas LLC increased its holdings in eBay by 0.5% in the 1st quarter. Optas LLC now owns 34,160 shares of the e-commerce company’s stock worth $2,314,000 after buying an additional 169 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BMO Capital Markets upped their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Citigroup cut their target price on shares of eBay from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Piper Sandler boosted their target price on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, JMP Securities restated a “market perform” rating on shares of eBay in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given 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.com, the company has a consensus rating of “Hold” and an average price target of $67.73.

Insider Activity

In other eBay 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 completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This trade represents a 30.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 292,321 shares of company stock worth $20,606,770 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $77.71 on Tuesday. The company has a market capitalization of $35.82 billion, a P/E ratio of 19.53, a P/E/G 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. The firm’s 50 day simple moving average is $70.58 and its two-hundred day simple moving average 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.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 19.68% and a return on equity of 30.97%. eBay’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 EPS. Research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 1.49%. eBay’s payout ratio is 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.