Tempus Wealth Planning LLC Buys 254 Shares of eBay Inc. (NASDAQ:EBAY)

Tempus Wealth Planning LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,539 shares of the e-commerce company’s stock after acquiring an additional 254 shares during the quarter. Tempus Wealth Planning LLC’s holdings in eBay were worth $451,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in eBay by 39.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after buying an additional 3,534,030 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after purchasing an additional 1,491,485 shares during the last quarter. Norges Bank acquired a new position in shares of eBay during the 4th quarter worth about $53,019,000. Dimensional Fund Advisors LP increased its stake 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 worth $272,551,000 after purchasing an additional 1,141,288 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of eBay by 3,346.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,066,551 shares of the e-commerce company’s stock worth $56,293,000 after purchasing an additional 1,035,609 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

Shares of eBay stock traded down $0.64 on Thursday, reaching $52.61. 2,803,038 shares of the stock were exchanged, compared to its average volume of 4,778,296. The firm’s 50 day moving average is $52.57 and its 200-day moving average is $48.52. eBay Inc. has a one year low of $37.17 and a one year high of $55.35. 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 firm 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.

eBay (NASDAQ:EBAY) last issued its quarterly 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. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, analysts anticipate that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Announces Dividend

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

Insider Activity at eBay

In related news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock valued at $3,001,254 in the last quarter. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. Mizuho boosted their price objective on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. StockNews.com upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. TD Cowen upped their price target on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group upped their price target on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $53.71.

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.