eBay Inc. (NASDAQ:EBAY) Shares Purchased by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,153 shares of the e-commerce company’s stock after acquiring an additional 1,354 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in eBay were worth $1,162,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton increased its position in shares of eBay by 36.5% in the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company’s stock valued at $41,000 after buying an additional 160 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in shares of eBay by 4.0% in the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company’s stock valued at $285,000 after buying an additional 160 shares in the last quarter. Journey Strategic Wealth LLC increased its position in shares of eBay by 4.4% in the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company’s stock valued at $266,000 after buying an additional 166 shares in the last quarter. Hohimer Wealth Management LLC increased its position in shares of eBay by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company’s stock valued at $4,024,000 after buying an additional 167 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of eBay by 1.9% in the first quarter. Kestra Private Wealth Services LLC now owns 9,149 shares of the e-commerce company’s stock valued at $620,000 after buying an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EBAY. JMP Securities restated a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. Cantor Fitzgerald raised their price target on eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Wall Street Zen raised eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. Daiwa America raised eBay from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 12th. Finally, UBS Group raised their price target on eBay from $73.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $70.42.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 10,974 shares of the company’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the completion of the sale, the chief executive officer directly owned 306,651 shares of the company’s stock, valued at $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the company’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. In the last three months, insiders sold 347,222 shares of company stock valued at $25,143,522. 0.64% of the stock is currently owned by company insiders.

eBay Trading Down 0.6%

Shares of eBay stock opened at $78.50 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market cap of $36.19 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.21 and a beta of 1.26. The business has a fifty day simple moving average of $76.51 and a 200-day simple moving average of $70.26. eBay Inc. has a fifty-two week low of $53.74 and a fifty-two week high of $83.53.

eBay (NASDAQ:EBAY) last announced its 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 return on equity of 36.60% and a net margin of 19.78%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the business posted $1.25 earnings per share. eBay’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay 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.