Mezzasalma Advisors LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Mezzasalma Advisors LLC acquired a new position in eBay Inc. (NASDAQ:EBAY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,995 shares of the e-commerce company’s stock, valued at approximately $264,000.

Other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in shares of eBay during the 4th quarter worth about $25,000. Jones Financial Companies Lllp grew its holdings in shares of 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 increased its holdings in eBay by 200.0% in the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 400 shares during the period. Riverview Trust Co acquired a new position in eBay during the first quarter valued at approximately $48,000. Finally, Cambridge Trust Co. lifted its stake in eBay by 135.0% during the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock worth $51,000 after purchasing an additional 675 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on EBAY. Robert W. Baird boosted their price target on eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Benchmark reissued a “buy” rating and set a $58.00 target price on shares of eBay in a research note on Monday, June 17th. Deutsche Bank Aktiengesellschaft raised their price target 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. Wells Fargo & Company upped their price objective on shares of eBay from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 25th. Finally, Truist Financial increased their price objective 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.71.

eBay Trading Down 1.2 %

Shares of EBAY stock traded down $0.64 during mid-day trading on Thursday, hitting $52.61. The company’s stock had a trading volume of 2,803,038 shares, compared to its average volume of 4,778,296. The company has a market cap of $26.41 billion, a PE ratio of 10.48, a P/E/G ratio of 2.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The company’s fifty day simple moving average is $52.57 and its 200-day simple moving average is $48.52. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $55.35.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. As a group, equities research analysts expect that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, May 31st. eBay’s payout ratio is 21.51%.

Insider Activity

In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at $220,324.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,558 shares of company stock worth $3,001,254. Company insiders own 0.38% of the company’s stock.

eBay Company 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.