Kesler Norman & Wride LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,681 shares of the e-commerce company’s stock, valued at approximately $843,000.
Other large investors have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new stake in eBay in the 4th quarter valued at $26,000. Beacon Financial Strategies CORP bought a new position in eBay during the fourth quarter worth $28,000. JFS Wealth Advisors LLC increased its holdings in shares of eBay by 57.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 116 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of eBay in the third quarter valued at about $28,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of eBay in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Stock Performance
Shares of eBay stock opened at $108.82 on Thursday. The business has a 50-day moving average price of $103.81 and a two-hundred day moving average price of $93.18. eBay Inc. has a 1-year low of $72.84 and a 1-year high of $119.31. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. The company has a market cap of $48.32 billion, a P/E ratio of 24.68, a PEG ratio of 2.42 and a beta of 1.39.
eBay Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. eBay’s dividend payout ratio (DPR) is 28.12%.
Key Headlines Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: eBay is drawing takeover/speculation attention after reports that GameStop now owns nearly 8% of the company, which can sometimes lift shares on the prospect of a strategic bid or other value-unlocking action. Article Title
- Neutral Sentiment: eBay also had a presence at the dbAccess Global Consumer Conference, but no major new operational update was highlighted in the headline, so the market impact looks limited. Article Title
- Negative Sentiment: The bigger takeaway for investors is uncertainty: GameStop’s repeated stake-building, combined with reports that an earlier approach was rejected, raises the possibility of friction, disruption, or activism around eBay rather than a clean strategic premium. Article Title
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on EBAY shares. BNP Paribas Exane lifted their target price on eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $122.00 price target on shares of eBay in a research report on Thursday, April 30th. Benchmark lifted their price objective on shares of eBay from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Daiwa Securities Group boosted their price objective on shares of eBay from $90.00 to $114.00 in a report on Monday, May 11th. Finally, Sanford C. Bernstein increased their target price on shares of eBay from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $107.84.
Read Our Latest Analysis on eBay
Insider Activity at eBay
In other news, SVP Cornelius Boone sold 16,685 shares of eBay stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total value of $1,542,361.40. Following the completion of the sale, the senior vice president owned 94,479 shares in the company, valued at $8,733,638.76. The trade was a 15.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mazen Rawashdeh sold 50,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the transaction, the senior vice president owned 29,217 shares in the company, valued at $3,419,557.68. The trade was a 63.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 136,953 shares of company stock worth $14,139,444. Corporate insiders own 0.64% of the company’s stock.
eBay Company Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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