eBay Inc. (NASDAQ:EBAY) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 12.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,361 shares of the e-commerce company’s stock after buying an additional 1,880 shares during the quarter. Motley Fool Asset Management LLC’s holdings in eBay were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EBAY. LRI Investments LLC purchased a new position in eBay during the 1st quarter worth approximately $29,000. Washington Trust Advisors Inc. purchased a new position in eBay during the 1st quarter worth approximately $30,000. Jones Financial Companies Lllp grew its position in eBay by 73.5% during 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 in the last quarter. American National Bank grew its position in eBay by 200.0% during 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 in the last quarter. Finally, Crewe Advisors LLC purchased a new position in eBay during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the transaction, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock valued at $3,001,254 in the last quarter. Insiders own 0.38% of the company’s stock.

eBay Stock Up 0.4 %

Shares of EBAY stock traded up $0.21 on Wednesday, hitting $55.61. The company’s stock had a trading volume of 7,599,517 shares, compared to its average volume of 5,732,810. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $55.86. The firm’s fifty day moving average price is $53.62 and its 200-day moving average price is $50.03. The stock has a market capitalization of $27.92 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 2.51 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research analyst reports. Barclays lifted their price objective on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Truist Financial lifted their target price on shares of eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, May 6th. Wolfe Research started coverage on shares of eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Benchmark reissued a “buy” rating and set a $58.00 target price on shares of eBay in a research note on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.94.

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.