Burns Matteson Capital Management LLC Purchases New Shares in eBay Inc. (NASDAQ:EBAY)

Burns Matteson Capital Management LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,280 shares of the e-commerce company’s stock, valued at approximately $409,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay during the 2nd quarter worth $26,000. Tortoise Investment Management LLC raised its position in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the last quarter. LRI Investments LLC purchased a new position in eBay during the 1st quarter worth $29,000. Hobbs Group Advisors LLC purchased a new position in eBay during the 2nd quarter worth $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in eBay during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Morgan Stanley upped their price objective on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Robert W. Baird upped their price target on shares of eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Bank of America upped their price target on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $58.05.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total value of $374,400.00. Following the sale, the chief executive officer now directly owns 553,666 shares of the company’s stock, valued at approximately $36,852,008.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00. Following the transaction, the chief executive officer now directly owns 553,666 shares of the company’s stock, valued at $36,852,008.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,224 shares of company stock valued at $2,600,666. Insiders own 0.38% of the company’s stock.

eBay Trading Up 0.4 %

Shares of NASDAQ EBAY traded up $0.28 during midday trading on Friday, reaching $66.33. 3,223,940 shares of the stock were exchanged, compared to its average volume of 5,505,843. The company has a market capitalization of $32.44 billion, a P/E ratio of 12.88, a P/E/G ratio of 2.59 and a beta of 1.32. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $67.72. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average price of $60.87 and a 200-day moving average price of $55.51.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. eBay’s dividend payout ratio is presently 20.97%.

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.