First Affirmative Financial Network Makes New $242,000 Investment in eBay Inc. (NASDAQ:EBAY)

First Affirmative Financial Network bought a new stake in eBay Inc. (NASDAQ:EBAY) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 4,589 shares of the e-commerce company’s stock, valued at approximately $242,000.

Other large investors also recently made changes to their positions in the company. SteelPeak Wealth LLC acquired a new stake in shares of eBay in the 4th quarter valued at about $1,767,000. Allspring Global Investments Holdings LLC grew its stake in shares of eBay by 604.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock valued at $27,522,000 after buying an additional 541,384 shares during the period. Savant Capital LLC grew its stake in shares of eBay by 2.3% in the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after buying an additional 262 shares during the period. Sapient Capital LLC acquired a new stake in shares of eBay in the 4th quarter valued at about $955,000. Finally, Symmetry Investments LP acquired a new stake in shares of eBay in the 4th quarter valued at about $2,766,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Marie Oh Huber sold 49,070 shares of the company’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 completion of the transaction, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Marie Oh Huber sold 49,070 shares of the company’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 completion of the transaction, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the business’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 of the company’s stock, valued at $3,837,197.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,572 shares of company stock worth $2,949,144. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Up 0.6 %

NASDAQ:EBAY opened at $54.15 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 stock has a market capitalization of $27.18 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. The firm’s 50 day moving average is $52.12 and its 200 day moving average is $47.87. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $55.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS. Sell-side analysts expect that eBay Inc. will post 3.72 earnings per share for the current year.

eBay declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.27 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.08 annualized dividend and a yield of 1.99%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EBAY shares. Piper Sandler raised their price target on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. BMO Capital Markets raised their price target on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Wells Fargo & Company raised their price target on shares of eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Jefferies Financial Group raised their price target on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Finally, UBS Group raised their price target on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $52.67.

About eBay

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.