Northwest Investment Counselors LLC Makes New $91,000 Investment in eBay Inc. (NASDAQ:EBAY)

Northwest Investment Counselors LLC bought a new position in eBay Inc. (NASDAQ:EBAY) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,725 shares of the e-commerce company’s stock, valued at approximately $91,000.

Other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of eBay by 39.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after buying an additional 3,534,030 shares during the period. Northern Trust Corp raised its position in shares of eBay by 3.1% during the 3rd quarter. Northern Trust Corp now owns 6,979,291 shares of the e-commerce company’s stock valued at $307,717,000 after buying an additional 209,695 shares during the period. Dimensional Fund Advisors LP raised its position in shares of eBay by 22.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after buying an additional 1,141,288 shares during the period. Pacer Advisors Inc. raised its position in shares of eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock valued at $254,712,000 after buying an additional 1,491,485 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in eBay by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 5,547,105 shares of the e-commerce company’s stock valued at $244,572,000 after purchasing an additional 60,146 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Down 0.3 %

NASDAQ EBAY opened at $54.01 on Tuesday. The stock has a market capitalization of $27.11 billion, a P/E ratio of 10.76, a P/E/G ratio of 2.49 and a beta of 1.32. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $55.15. The firm has a 50-day moving average price of $52.18 and a 200 day moving average price of $48.00. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98.

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

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders 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 dividend yield of 2.00%. eBay’s dividend payout ratio is presently 21.51%.

eBay declared that its board has authorized a share buyback program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

EBAY has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Truist Financial boosted their target price on eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, May 6th. UBS Group boosted their target price on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Barclays boosted their price target on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, StockNews.com downgraded shares of eBay from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $52.67.

Insider Activity

In other news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred 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 directly owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. Insiders have sold 59,558 shares of company stock worth $3,001,254 over the last ninety days. 0.38% of the stock is currently owned by insiders.

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.