Colonial Trust Co SC Raises Stock Position in eBay Inc. (NASDAQ:EBAY)

Colonial Trust Co SC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 48.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 675 shares of the e-commerce company’s stock after purchasing an additional 219 shares during the quarter. Colonial Trust Co SC’s holdings in eBay were worth $42,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in eBay in the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. purchased a new position in eBay in the fourth quarter valued at $33,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the 4th quarter worth $36,000. Transce3nd LLC purchased a new stake in eBay during the 4th quarter worth about $36,000. Finally, Lee Danner & Bass Inc. acquired a new stake in eBay in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EBAY shares. Robert W. Baird boosted their price objective on eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. JPMorgan Chase & Co. raised their price target on eBay from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Finally, Susquehanna lifted their price target on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $67.32.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. The trade was a 30.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 10,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $67.96, for a total transaction of $679,600.00. Following the completion of the transaction, the chief executive officer now owns 580,754 shares of the company’s stock, valued at $39,468,041.84. This represents a 1.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,685 shares of company stock worth $4,121,245 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Performance

NASDAQ:EBAY opened at $69.51 on Friday. The firm has a market cap of $32.04 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1-year low of $50.43 and a 1-year high of $71.61. The firm’s fifty day moving average price is $66.25 and its 200 day moving average price is $65.19.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 earnings per share. On average, sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. eBay’s dividend payout ratio is currently 27.62%.

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.