Occidental Asset Management LLC Takes $1.31 Million Position in eBay Inc. (NASDAQ:EBAY)

Occidental Asset Management LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,792 shares of the e-commerce company’s stock, valued at approximately $1,309,000.

A number of other large investors have also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new stake in shares of eBay during the 4th quarter valued at $25,000. American National Bank increased its stake in eBay by 200.0% in the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. Jones Financial Companies Lllp increased its stake in eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 310 shares in the last quarter. Riverview Trust Co acquired a new stake in eBay during the 1st quarter worth about $48,000. Finally, Cambridge Trust Co. lifted its stake 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 in the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $0.67 during trading hours on Friday, hitting $53.72. 7,190,988 shares of the stock were exchanged, compared to its average volume of 4,907,904. eBay Inc. has a one year low of $37.17 and a one year high of $55.35. The company’s 50 day moving average is $52.47 and its 200 day moving average is $48.24. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $26.97 billion, a P/E ratio of 10.70, a P/E/G ratio of 2.44 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company 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 earned $0.87 earnings per share. The business’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 year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Activity at eBay

In other news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value 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 $8,803,915.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction dated 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 directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. 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 three months. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. TD Cowen upped their price target on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley decreased their target price on eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. JPMorgan Chase & Co. began coverage on eBay in a research report on Tuesday. They set a “neutral” rating and a $60.00 price target on the stock. Wells Fargo & Company raised their price objective on eBay from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating and issued a $58.00 target price on shares of eBay in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.