8,268 Shares in eBay Inc. (NASDAQ:EBAY) Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC acquired a new position in eBay Inc. (NASDAQ:EBAY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,268 shares of the e-commerce company’s stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EBAY. Ameriprise Financial Inc. raised its position in shares of eBay by 39.8% in the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after buying an additional 3,534,030 shares in the last quarter. Pacer Advisors Inc. increased 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 purchasing an additional 1,491,485 shares during the last quarter. Norges Bank purchased a new position in shares of eBay during the 4th quarter valued at about $53,019,000. Dimensional Fund Advisors LP raised its holdings 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 in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in eBay by 3,346.9% in the first quarter. Los Angeles Capital Management LLC now owns 1,066,551 shares of the e-commerce company’s stock worth $56,293,000 after buying an additional 1,035,609 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the transaction, the senior vice president now owns 70,797 shares in the company, valued at $3,837,197.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,558 shares of company stock worth $3,001,254. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EBAY has been the subject of several research reports. Wells Fargo & Company upped their target price on eBay from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 25th. Benchmark reaffirmed a “buy” rating and issued a $58.00 target price on shares of eBay in a research note on Monday, June 17th. Citigroup initiated coverage on eBay in a research note on Thursday, June 6th. They issued a “buy” rating and a $64.00 target price for the company. TD Cowen upped their target price on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. initiated coverage on eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.71.

eBay Price Performance

Shares of eBay stock opened at $53.72 on Friday. The business has a 50 day moving average of $52.47 and a 200 day moving average of $48.29. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a market cap of $26.97 billion, a PE ratio of 10.70, a P/E/G ratio of 2.44 and a beta of 1.32. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $55.35.

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

eBay Announces Dividend

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. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. eBay’s dividend payout ratio (DPR) is 21.51%.

eBay Company 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.