442 Shares in eBay Inc. (NASDAQ:EBAY) Bought by Orion Capital Management LLC

Orion Capital Management LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 442 shares of the e-commerce company’s stock, valued at approximately $27,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC boosted its position in eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after purchasing an additional 7,074 shares during the period. Van ECK Associates Corp lifted its holdings in eBay by 5,091.9% in the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after buying an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after buying an additional 2,110 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in eBay in the 4th quarter worth $8,644,000. Finally, TCW Group Inc. lifted its holdings in eBay by 45.8% in the 4th quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company’s stock worth $3,339,000 after buying an additional 16,919 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $72.15 on Friday. The firm’s 50 day moving average is $67.02 and its two-hundred day moving average is $65.77. eBay Inc. has a 52 week low of $51.38 and a 52 week high of $72.94. The firm has a market capitalization of $33.26 billion, a P/E ratio of 18.13, a PEG ratio of 2.22 and a beta of 1.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business earned $1.25 earnings per share. eBay’s revenue was up 1.1% compared to the same quarter last year. Analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio (DPR) is presently 27.62%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EBAY. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Saturday, April 26th. Wells Fargo & Company boosted their price objective on shares of eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. UBS Group upped their target price on shares of eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, April 29th. Finally, Susquehanna upped their target price on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.42.

Insider Activity

In other news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares of the company’s stock, valued at $39,153,665.80. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,755 shares of company stock worth $12,943,715 over the last three months. Corporate insiders own 0.64% of the company’s stock.

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.