eBay Inc. (NASDAQ:EBAY) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 59.1% during the first quarter, HoldingsChannel.com reports. The firm owned 15,886 shares of the e-commerce company’s stock after buying an additional 5,902 shares during the period. HB Wealth Management LLC’s holdings in eBay were worth $1,076,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of eBay during the fourth quarter worth $27,000. Abound Financial LLC acquired a new position in shares of eBay during the first quarter worth $29,000. Pinney & Scofield Inc. acquired a new position in shares of eBay during the fourth quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay during the fourth quarter worth $33,000. Finally, Transce3nd LLC acquired a new position in shares of eBay during the fourth quarter worth $36,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the transaction, the senior vice president owned 123,282 shares of the company’s stock, valued at $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 12,644 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $79.06, for a total value of $999,634.64. Following the transaction, the chief executive officer directly owned 325,053 shares of the company’s stock, valued at $25,698,690.18. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 347,222 shares of company stock valued at $25,143,522 over the last quarter. 0.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EBAY has been the topic of several research reports. Cfra Research raised eBay to a “moderate buy” rating in a research report on Thursday, June 5th. Bank of America upped their target price on eBay from $71.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday. Stifel Nicolaus upped their target price on eBay from $62.00 to $68.00 and gave the company a “hold” rating in a research report on Tuesday. Evercore ISI upped their target price on eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Finally, JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.42.

eBay Trading Down 0.6%

EBAY stock opened at $78.50 on Wednesday. The company’s 50-day simple moving average is $76.51 and its 200-day simple moving average is $70.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay Inc. has a 52-week low of $53.74 and a 52-week high of $83.53. The firm has a market cap of $36.19 billion, a P/E ratio of 18.69, a PEG ratio of 2.21 and a beta of 1.26.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $1.25 EPS. eBay’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

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.