Motley Fool Asset Management LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 29.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 47,465 shares of the e-commerce company’s stock after purchasing an additional 10,935 shares during the quarter. Motley Fool Asset Management LLC’s holdings in eBay were worth $4,134,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of EBAY. High Point Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter worth $26,000. Beacon Financial Strategies CORP acquired a new position in shares of eBay during the fourth quarter worth $28,000. JFS Wealth Advisors LLC increased its holdings in shares of eBay by 57.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock worth $28,000 after buying an additional 116 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of eBay during the third quarter worth $28,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of eBay during the fourth quarter worth $33,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
eBay Stock Performance
Shares of eBay stock opened at $106.41 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a twelve month low of $72.84 and a twelve month high of $119.31. The stock has a market cap of $47.25 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.42 and a beta of 1.39. The company’s fifty day moving average is $105.77 and its 200 day moving average is $94.11.
eBay Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. eBay’s payout ratio is currently 28.12%.
Analyst Ratings Changes
EBAY has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of eBay from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Daiwa Securities Group upped their price target on shares of eBay from $90.00 to $114.00 in a report on Monday, May 11th. The Goldman Sachs Group upped their price target on shares of eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Arete Research reduced their price objective on shares of eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $107.84.
Read Our Latest Stock Report on EBAY
Key Stories Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Recent coverage points to improving investor sentiment around eBay’s valuation and momentum, with the stock up strongly over the past 90 days and year-to-date trends showing renewed confidence in the business. Weighing eBay’s Valuation As Narrative And DCF Signals Diverge After Recent Momentum
- Positive Sentiment: eBay launched Easy and Free Returns on parts and accessories, which could support conversion rates and buyer trust on its marketplace. eBay launches Easy and Free Returns on parts and accessories
- Positive Sentiment: eBay also rolled out a new global brand campaign, “Meanwhile on eBay Live,” which may help engagement and marketplace activity. eBay launches new global brand campaign ‘Meanwhile on eBay Live’
- Neutral Sentiment: News that eBay’s CEO sold shares under a pre-arranged trading plan may slightly weigh on sentiment, but it does not necessarily indicate a negative change in the company’s outlook. eBay (NASDAQ:EBAY) CEO Jamie Iannone Sells 11,110 Shares
- Neutral Sentiment: Analyst and commentary pieces continue to frame eBay as a quality consumer marketplace with ongoing long-term appeal, but these stories are not immediate catalysts. eBay’s Developments In Focus Categories Will Likely Soar Gross Margin Value
- Negative Sentiment: The UK Competition and Markets Authority is formally scrutinizing eBay’s bid for Depop, increasing the risk of delays, extra conditions, or a potential blocked deal. UK competition watchdog launches probe into eBay’s purchase of Depop
Insider Activity
In other eBay news, SVP Mazen Rawashdeh sold 50,000 shares of the company’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 sale, the senior vice president owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Cornelius Boone sold 16,685 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total transaction of $1,542,361.40. Following the sale, the senior vice president directly owned 94,479 shares in the company, valued at $8,733,638.76. This trade represents a 15.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 148,063 shares of company stock worth $15,356,989. 0.64% of the stock is owned by insiders.
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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