3,970 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by New Century Financial Group LLC

New Century Financial Group LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,970 shares of the e-commerce company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of eBay by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after acquiring an additional 1,141,288 shares during the last quarter. Pacer Advisors Inc. raised its stake 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 worth $254,712,000 after purchasing an additional 1,491,485 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of eBay by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,547,105 shares of the e-commerce company’s stock worth $244,572,000 after purchasing an additional 60,146 shares in the last quarter. Harris Associates L P lifted its holdings in shares of eBay by 0.7% during the 4th quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company’s stock valued at $199,660,000 after buying an additional 30,545 shares during the last quarter. Finally, Lyrical Asset Management LP grew its stake in shares of eBay by 1.7% in the 4th quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company’s stock valued at $170,349,000 after buying an additional 65,132 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,558 shares of company stock worth $3,001,254. Company insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EBAY. TD Cowen lifted their target price on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Jefferies Financial Group lifted their price objective on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. started coverage on shares of eBay in a research report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price on the stock. Wells Fargo & Company boosted their price target on eBay from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 25th. Finally, Citigroup began coverage on eBay in a report on Thursday, June 6th. They set a “buy” rating and a $64.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.71.

eBay Stock Performance

EBAY opened at $52.61 on Friday. The stock’s 50 day simple moving average is $52.60 and its 200-day simple moving average is $48.55. 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 cap of $26.41 billion, a PE ratio of 10.48, a P/E/G 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.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. The firm had revenue of $2.56 billion for 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 quarter in the previous year, the firm posted $0.87 EPS. Sell-side analysts forecast that eBay Inc. will post 3.72 EPS for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, May 31st. eBay’s payout ratio is 21.51%.

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.