Kestra Private Wealth Services LLC Makes New $259,000 Investment in eBay Inc. (NASDAQ:EBAY)

Kestra Private Wealth Services LLC bought a new position in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,929 shares of the e-commerce company’s stock, valued at approximately $259,000.

Several other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp raised its stake in shares of eBay by 19.4% in the fourth quarter. Van ECK Associates Corp now owns 68,545 shares of the e-commerce company’s stock worth $2,990,000 after buying an additional 11,121 shares during the period. Unique Wealth Strategies LLC bought a new position in shares of eBay in the fourth quarter worth about $627,000. Russell Investments Group Ltd. raised its stake in shares of eBay by 50.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,594,272 shares of the e-commerce company’s stock worth $69,523,000 after buying an additional 536,145 shares during the period. Motley Fool Asset Management LLC raised its stake in shares of eBay by 2.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 15,481 shares of the e-commerce company’s stock worth $675,000 after buying an additional 381 shares during the period. Finally, GHE LLC raised its stake in shares of eBay by 1.5% in the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after buying an additional 260 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

eBay Stock Performance

NASDAQ:EBAY opened at $49.69 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.93. The stock’s 50 day simple moving average is $51.03 and its two-hundred day simple moving average is $44.98. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.93 and a beta of 1.31.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, equities analysts anticipate that eBay Inc. will post 3.75 earnings per share for the current fiscal year.

eBay declared that its board has initiated a share buyback plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

Analyst Ratings Changes

EBAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. UBS Group lifted their target price on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Benchmark reissued a “buy” rating and set a $58.00 target price on shares of eBay in a research note on Thursday, May 2nd. Finally, TD Cowen lifted their target price on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, eBay has a consensus rating of “Hold” and a consensus price target of $51.45.

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.