JB Capital LLC Buys New Shares in eBay Inc. (NASDAQ:EBAY)

JB Capital LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 179,074 shares of the e-commerce company's stock, valued at approximately $9,620,000. eBay makes up about 0.6% of JB Capital LLC's holdings, making the stock its 29th biggest holding.

Other large investors have also modified their holdings of the company. Savant Capital LLC lifted its position in eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company's stock worth $498,000 after buying an additional 262 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company's stock valued at $4,523,000 after acquiring an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in shares of eBay by 42.3% in the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company's stock valued at $3,042,000 after purchasing an additional 17,140 shares during the period. Raymond James & Associates increased its position in eBay by 6.9% during the first quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company's stock worth $46,124,000 after purchasing an additional 56,148 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company's stock worth $4,178,000 after purchasing an additional 60,544 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Stock Down 0.2 %

EBAY stock traded down $0.14 during mid-day trading on Friday, reaching $58.88. The company had a trading volume of 2,823,964 shares, compared to its average volume of 5,606,363. The firm has a fifty day simple moving average of $54.68 and a 200 day simple moving average of $51.73. 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 company has a market capitalization of $29.56 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $59.36.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued 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 21.51%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent analyst reports. Citigroup raised their price target on shares of eBay from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Daiwa America upgraded eBay to a "hold" rating in a research report on Wednesday, August 14th. StockNews.com raised eBay from a "buy" rating to a "strong-buy" rating in a research note on Thursday, June 27th. Barclays raised their price objective on eBay from $61.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. Finally, Susquehanna upped their target price on shares of eBay from $52.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $56.65.

Insider Buying and Selling

In other news, SVP Julie A. Loeger sold 7,419 shares of the firm's stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Edward O. Garcia sold 986 shares of the business's stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 10,488 shares of company stock worth $565,910 over the last 90 days. 0.38% of the stock is owned by insiders.

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.