6,397 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,397 shares of the e-commerce company’s stock, valued at approximately $338,000.

A number of other institutional investors also recently modified their holdings of the stock. CVA Family Office LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp raised its position 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 during the last quarter. American National Bank raised its position 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 during the last quarter. Riverview Trust Co bought a new position in eBay in the 1st quarter worth approximately $48,000. Finally, Cambridge Trust Co. raised its position in eBay by 135.0% in the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock worth $51,000 after purchasing an additional 675 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of eBay from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 25th. Citigroup began coverage on shares of eBay in a research report on Thursday, June 6th. They set a “buy” rating and a $64.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Barclays upped their target price on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. started coverage on shares of eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.85.

eBay Stock Down 0.1 %

NASDAQ EBAY traded down $0.07 on Friday, reaching $53.95. The company had a trading volume of 1,643,483 shares, compared to its average volume of 5,841,721. The firm has a market capitalization of $27.08 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $55.35. The company’s fifty day moving average is $52.77 and its 200-day moving average is $48.89.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping 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 firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts forecast that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.27 per share. The ex-dividend date was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.00%. eBay’s dividend payout ratio is 21.51%.

Insider Transactions at eBay

In other 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 completion of the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other eBay news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock worth $3,001,254 in the last three months. Insiders own 0.38% of the company’s stock.

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.