Family Firm Inc. Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Family Firm Inc. purchased a new position in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,033 shares of the e-commerce company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of eBay by 22.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after purchasing an additional 1,141,288 shares during the last quarter. LSV Asset Management raised its holdings in shares of eBay by 1.5% during the 1st quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company’s stock valued at $289,681,000 after buying an additional 83,493 shares in the last quarter. Harris Associates L P lifted its position in eBay by 0.7% in the 4th quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company’s stock worth $199,660,000 after buying an additional 30,545 shares during the last quarter. Finally, Lyrical Asset Management LP lifted its position in eBay by 1.7% in the 4th quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company’s stock worth $170,349,000 after buying an additional 65,132 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EBAY. Deutsche Bank Aktiengesellschaft lifted their price target on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America lifted their target price on shares of eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley upped their price target on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. assumed coverage on eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Wolfe Research initiated coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $56.65.

eBay Trading Down 0.2 %

Shares of NASDAQ EBAY opened at $58.88 on Friday. The company has a market cap of $29.56 billion, a PE ratio of 11.73, a P/E/G ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. The firm’s 50 day moving average price is $54.68 and its 200-day moving average price is $51.80. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $59.36.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.27 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.83%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the transaction, the senior vice president now owns 70,797 shares in the company, valued at $3,837,197.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,488 shares of company stock worth $565,910. Insiders own 0.38% of the company’s stock.

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.