OLD National Bancorp IN Sells 1,838 Shares of eBay Inc. (NASDAQ:EBAY)

OLD National Bancorp IN lowered its position in eBay Inc. (NASDAQ:EBAY) by 34.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,561 shares of the e-commerce company’s stock after selling 1,838 shares during the quarter. OLD National Bancorp IN’s holdings in eBay were worth $241,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. City Center Advisors LLC increased its holdings in shares of eBay by 9.2% in the first quarter. City Center Advisors LLC now owns 4,728 shares of the e-commerce company’s stock worth $320,000 after purchasing an additional 400 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in eBay by 5.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 35,445 shares of the e-commerce company’s stock valued at $2,401,000 after acquiring an additional 1,960 shares during the last quarter. Wedmont Private Capital increased its stake in eBay by 6.9% in the first quarter. Wedmont Private Capital now owns 9,195 shares of the e-commerce company’s stock valued at $594,000 after acquiring an additional 590 shares during the last quarter. UMB Bank n.a. increased its stake in eBay by 5.3% in the first quarter. UMB Bank n.a. now owns 6,687 shares of the e-commerce company’s stock valued at $453,000 after acquiring an additional 338 shares during the last quarter. Finally, TB Alternative Assets Ltd. bought a new position in eBay in the first quarter valued at $4,315,000. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler increased their target price on eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Stifel Nicolaus increased their target price on eBay from $61.00 to $62.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Evercore ISI increased their target price on eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a research note on Thursday, May 1st. Needham & Company LLC increased their target price on eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, Benchmark increased their target price on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $67.65.

eBay Stock Performance

Shares of EBAY opened at $78.77 on Wednesday. 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 one year low of $51.72 and a one year high of $79.84. The company has a 50-day simple moving average of $69.23 and a two-hundred day simple moving average of $67.01. The firm has a market capitalization of $36.31 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27.

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

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.47%. eBay’s payout ratio is 27.62%.

Insider Activity

In other news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the transaction, the senior vice president now directly owns 92,053 shares in the company, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the transaction, the chief executive officer now owns 590,108 shares of the company’s stock, valued at $39,153,665.80. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 283,635 shares of company stock worth $19,872,559. Insiders own 0.64% 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.