eBay Inc. (NASDAQ:EBAY) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 27.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,463 shares of the e-commerce company’s stock after buying an additional 4,581 shares during the quarter. SVB Wealth LLC’s holdings in eBay were worth $1,133,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. SteelPeak Wealth LLC acquired a new stake in shares of eBay in the fourth quarter worth approximately $1,767,000. Allspring Global Investments Holdings LLC lifted its holdings in eBay by 604.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock valued at $27,522,000 after purchasing an additional 541,384 shares in the last quarter. Savant Capital LLC boosted its stake in eBay by 2.3% during the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares during the last quarter. Van ECK Associates Corp boosted its stake in eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after purchasing an additional 17,143 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of eBay by 6.9% during the first quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock worth $46,124,000 after buying an additional 56,148 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on EBAY. JPMorgan Chase & Co. began coverage on shares of eBay in a research report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Citigroup assumed coverage on eBay in a report on Thursday, June 6th. They issued a “buy” rating and a $64.00 price target for the company. Mizuho boosted their price objective on eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley raised their target price on eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $53.94.

eBay Trading Up 1.4 %

eBay stock traded up $0.76 during midday trading on Tuesday, reaching $55.37. 983,639 shares of the stock traded hands, compared to its average volume of 5,696,991. The firm has a market cap of $27.80 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 2.49 and a beta of 1.31. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a 50-day simple moving average of $53.50 and a two-hundred day simple moving average of $49.89. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $55.69.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. Research analysts expect that eBay Inc. will post 3.73 earnings per share for the current fiscal year.

Insider Activity

In other eBay news, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,558 shares of company stock worth $3,001,254. Corporate 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.