NorthCrest Asset Manangement LLC Has $1.14 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

NorthCrest Asset Manangement LLC grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 114.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,809 shares of the e-commerce company’s stock after purchasing an additional 8,969 shares during the period. NorthCrest Asset Manangement LLC’s holdings in eBay were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in shares of eBay in the 4th quarter worth about $27,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the 4th quarter worth about $33,000. Transce3nd LLC acquired a new stake in shares of eBay in the 4th quarter worth about $36,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of eBay in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Down 0.1%

EBAY opened at $77.36 on Friday. The company has a 50 day moving average of $70.22 and a 200 day moving average of $67.28. The company has a market cap of $35.66 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. eBay Inc. has a 12 month low of $51.72 and a 12 month high of $79.84. 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 firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm earned $1.25 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, May 30th. eBay’s dividend payout ratio (DPR) is currently 27.62%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of analyst reports. Barclays upped their target price on shares of eBay from $72.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. BMO Capital Markets lifted their target price on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. UBS Group lifted their target price on shares of eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Finally, Evercore ISI lifted their target price on shares of eBay from $63.00 to $69.00 and gave the stock an “in-line” rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $67.73.

Insider Activity

In other news, SVP Julie A. Loeger sold 127,070 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the sale, the senior vice president now owns 123,282 shares in the company, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. This trade represents a 1.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 296,279 shares of company stock worth $20,872,193. 0.64% of the stock is currently owned by corporate insiders.

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.