Janney Montgomery Scott LLC Raises Stake in eBay Inc. (NASDAQ:EBAY)

Janney Montgomery Scott LLC increased its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 10.3% in the first quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission. The fund now owns 56,378 shares of the e-commerce company after acquiring an additional 5,277 shares during the period. Janney Montgomery Scott LLC’s stake in eBay was worth $2,976,000 at the end of the last reporting period.

Other institutional investors also changed their holdings in the company. Tempus Wealth Planning LLC increased its holdings in shares of eBay by 3.1% in Q1. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after purchasing an additional 254 shares in the last quarter. GHE LLC increased its holdings in eBay by 1.5% in Q4. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after purchasing an additional 260 shares during the period. Savant Capital LLC increased its position in eBay by 2.3% in Q4. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares in the last quarter. Affinity Investment Advisors LLC increased its holdings in shares of eBay by 3.0% in Q4. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after acquiring an additional 275 shares during the period. Finally, Quent Capital LLC increased its holdings in shares of eBay by 10.5% in the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock worth $130,000 after acquiring an additional 282 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst ratings upgrades and downgrades

EBAY has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on shares of eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2. Jefferies Financial Group raised their price target on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30. JPMorgan Chase & Co. began coverage on shares of eBay in a report on Tuesday, June 25. They set a “neutral” rating and a $60.00 price target on the stock. Truist Financial raised their price target on shares of eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, May 6. Finally, Citigroup began coverage on shares of eBay in a research note on Thursday, June 6. They set a “buy” rating and a $64.00 price target on the stock. One analyst has rated the stock a sell, eleven have rated it a hold, eight have rated it a buy, and one has given it a strong buy rating. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $53.85.

Read our latest eBay research report

Buying and selling confidential information

In other news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction dated Friday, May 31. The shares were sold at an average price of $54.20, for a total transaction value of $402,109.80. Following the completion of the transaction, the SVP now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction dated Thursday, June 13. The shares were sold at an average price of $53.62, for a total transaction value of $111,690.46. Following the completion of the sale, the chief financial officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Additionally, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction dated Friday, May 31. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the transaction, the SVP now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. Disclosure of this sale can be found here . Over the last ninety days, insiders have sold 59,558 shares of the company’s stock, valued at $3,001,254. 0.38% of the stock is owned by insiders.

eBay turnover up 0.3%

eBay shares opened at $54.19 on Friday. The stock has a market capitalization of $27.20 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.44, and a beta of 1.31. The company has a current ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The stock has a 50-day price average of $52.86 and a 200-day price average of $48.96. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $55.35.

eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings data on Wednesday, May 1. The e-commerce company reported $1.25 earnings per share for the quarter, beating 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 company’s revenue for the quarter was $2.56 billion, compared to analysts’ estimates of $2.53 billion. During the same quarter last year, the company reported $0.87 earnings per share. The company’s revenue grew 1.8% year-over-year. Equity research analysts predict that eBay Inc. will report earnings per share of $3.72 for the current fiscal year.

eBay announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14. Investors of record on Friday, May 31 received a dividend of $0.27. The ex-dividend date was Friday, May 31. This represents an annual dividend of $1.08 and a yield of 1.99%. eBay’s payout ratio currently stands at 21.51%.

eBay Company Profile

(Free report)

eBay Inc., together with its subsidiaries, operates marketplaces that connect buyers and sellers in the United States, the United Kingdom, China, Germany and internationally. The company’s marketplace includes its online marketplace at ebay.com, off-platform businesses and the eBay suite of mobile applications.

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