Everett Harris & Co. CA Has $694,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Everett Harris & Co. CA lowered its stake in eBay Inc. (NASDAQ:EBAY) by 20.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,920 shares of the e-commerce company’s stock after selling 4,000 shares during the quarter. Everett Harris & Co. CA’s holdings in eBay were worth $694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Morton Capital Management LLC CA bought a new position in shares of eBay in the fourth quarter worth about $258,000. Harrington Investments INC increased its stake in shares of eBay by 5.6% in the fourth quarter. Harrington Investments INC now owns 38,417 shares of the e-commerce company’s stock worth $1,676,000 after purchasing an additional 2,046 shares during the period. Thompson Investment Management Inc. increased its stake in shares of eBay by 5.2% in the fourth quarter. Thompson Investment Management Inc. now owns 146,453 shares of the e-commerce company’s stock worth $6,388,000 after purchasing an additional 7,300 shares during the period. Pacer Advisors Inc. increased its stake in shares of eBay by 34.3% in the fourth 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 period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of eBay by 1.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 149,126 shares of the e-commerce company’s stock worth $6,505,000 after purchasing an additional 1,465 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Mizuho boosted their price target on eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. BMO Capital Markets boosted their price target on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lowered their price target on eBay from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, UBS Group boosted their price target on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.84.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

eBay Price Performance

Shares of EBAY traded up $0.86 on Thursday, hitting $52.78. The company’s stock had a trading volume of 6,816,338 shares, compared to its average volume of 6,944,296. The company has a 50 day moving average price of $45.94 and a 200 day moving average price of $43.33. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market capitalization of $27.34 billion, a PE ratio of 10.11, a PEG ratio of 2.09 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the business earned $0.87 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that eBay Inc. will post 3.64 earnings per share for the current fiscal year.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a dividend of $0.27 per share. This is an increase from eBay’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 annualized dividend and a yield of 2.05%. eBay’s dividend payout ratio is currently 20.69%.

eBay announced that its Board of Directors has approved a stock repurchase plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

eBay 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.