First Trust Direct Indexing L.P. Has $774,000 Position in eBay Inc. (NASDAQ:EBAY)

First Trust Direct Indexing L.P. raised its stake in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,668 shares of the e-commerce company’s stock after buying an additional 1,606 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in eBay were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. CVA Family Office LLC bought a new position in shares of eBay during the 4th quarter valued at about $25,000. Jones Financial Companies Lllp lifted its holdings in shares of eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. American National Bank lifted its holdings in shares of eBay by 200.0% during the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Riverview Trust Co bought a new position in shares of eBay during the 1st quarter valued at about $48,000. Finally, Cambridge Trust Co. lifted its holdings in shares of eBay by 135.0% during the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock valued at $51,000 after purchasing an additional 675 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and set a $58.00 price objective on shares of eBay in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Robert W. Baird boosted their target price on eBay from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Mizuho boosted their target price on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group boosted their target price on eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $53.71.

Get Our Latest Stock Report on EBAY

eBay Stock Up 0.5 %

EBAY stock opened at $52.87 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $26.54 billion, a PE ratio of 10.53, a PEG ratio of 2.42 and a beta of 1.31. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $55.35. The business’s 50 day simple moving average is $52.61 and its 200 day simple moving average is $48.62.

eBay (NASDAQ:EBAYGet Free Report) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS. As a group, research analysts anticipate that eBay Inc. will post 3.72 EPS for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio is 21.51%.

Insider Buying and Selling at eBay

In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The disclosure for this sale can be found here. Insiders have sold a total of 59,558 shares of company stock valued at $3,001,254 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

eBay Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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