HF Advisory Group LLC Buys 949 Shares of eBay Inc. (NASDAQ:EBAY)

HF Advisory Group LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 14.2% in the fourth quarter, Holdings Channel reports. The firm owned 7,650 shares of the e-commerce company’s stock after purchasing an additional 949 shares during the quarter. HF Advisory Group LLC’s holdings in eBay were worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in eBay during the fourth quarter worth about $25,000. SkyView Investment Advisors LLC bought a new position in shares of eBay in the first quarter valued at approximately $27,000. Stonebridge Capital Advisors LLC bought a new position in shares of eBay in the fourth quarter valued at approximately $29,000. Gyon Technologies Capital Management LP bought a new position in shares of eBay in the fourth quarter valued at approximately $32,000. Finally, Almanack Investment Partners LLC. bought a new position in shares of eBay in the third quarter valued at approximately $28,000. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. 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 raised their price target on shares of eBay from $47.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, February 29th. UBS Group raised their price target on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. The Goldman Sachs Group began coverage on shares of eBay in a report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $49.21.

eBay Price Performance

Shares of EBAY stock opened at $49.95 on Friday. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $52.93. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.33. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average of $49.07 and a 200-day moving average of $44.20.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. On average, equities research analysts forecast that eBay Inc. will post 3.69 earnings per share for the current year.

eBay announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.16%. eBay’s dividend payout ratio is presently 20.69%.

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.