Vest Financial LLC Acquires New Holdings in eBay Inc. (NASDAQ:EBAY)

Vest Financial LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 654,216 shares of the e-commerce company’s stock, valued at approximately $44,310,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Kestra Investment Management LLC grew its position in eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after acquiring an additional 7,074 shares in the last quarter. Van ECK Associates Corp grew its position 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 valued at $8,800,000 after acquiring an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 valued at $503,000 after acquiring an additional 2,110 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in eBay in the 4th quarter valued at about $8,644,000. Finally, TCW Group Inc. grew its position in eBay by 45.8% in the 4th quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company’s stock valued at $3,339,000 after acquiring an additional 16,919 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This trade represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 280,650 shares of company stock worth $19,637,729. 0.64% of the stock is owned by insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $77.74 on Friday. 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 Inc. has a twelve month low of $51.72 and a twelve month high of $78.65. The stock has a 50 day moving average of $68.52 and a two-hundred day moving average of $66.62. The stock has a market cap of $35.84 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data 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 return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

Analyst Ratings Changes

Several equities analysts have weighed in on EBAY shares. Bank of America dropped their target price on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Cantor Fitzgerald boosted their price objective on eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Needham & Company LLC boosted their price objective on eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. BMO Capital Markets boosted their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Finally, Daiwa America raised eBay from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.65.

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.