MV Capital Management Inc. Raises Stock Holdings in eBay Inc. (NASDAQ:EBAY)

MV Capital Management Inc. grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 31.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,487 shares of the e-commerce company’s stock after acquiring an additional 357 shares during the quarter. MV Capital Management Inc.’s holdings in eBay were worth $78,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new position in eBay in the fourth quarter worth about $25,000. Jones Financial Companies Lllp boosted its holdings in shares of eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after buying an additional 310 shares during the last quarter. American National Bank boosted its holdings in shares of eBay by 200.0% in the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. Riverview Trust Co bought a new stake in eBay during the first quarter valued at approximately $48,000. Finally, Cambridge Trust Co. increased its holdings in eBay by 135.0% during the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock valued at $51,000 after buying an additional 675 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Price Performance

Shares of eBay stock opened at $53.25 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $55.35. The stock has a 50 day moving average of $52.50 and a 200 day moving average of $48.41. The firm has a market cap of $26.73 billion, a PE ratio of 10.61, a PEG ratio of 2.47 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its 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. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company earned $0.87 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts expect that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid 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 dividend yield of 2.03%. eBay’s payout ratio is currently 21.51%.

Insider Transactions at eBay

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EBAY. Truist Financial lifted their price target on shares of eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. Wells Fargo & Company boosted their price target on eBay from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, June 25th. Robert W. Baird raised their price objective on eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. One equities research 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.71.

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.