10,222 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 10,222 shares of eBay Inc. for approximately $692,000, reflecting ongoing interest from institutional investors, with 87.48% of the stock currently owned by them.
• Several investment firms, including Barclays and BMO Capital Markets, have increased their price targets for eBay, with Barclays setting a new target at $92.00 and BMO at $102.00, indicating a positive sentiment among analysts.
• eBay's latest earnings report highlighted a 6.1% increase in revenue year-over-year, with earnings per share of $1.37, exceeding analysts' expectations.

Banque Cantonale Vaudoise bought a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,222 shares of the e-commerce company's stock, valued at approximately $692,000.

Several other hedge funds have also bought and sold shares of EBAY. Meeder Advisory Services Inc. raised its position in shares of eBay by 15.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,398 shares of the e-commerce company's stock valued at $569,000 after buying an additional 1,094 shares in the last quarter. Marvin & Palmer Associates Inc. purchased a new position in eBay in the first quarter worth $2,958,000. Picton Mahoney Asset Management bought a new position in eBay in the first quarter valued at $249,000. Mackenzie Financial Corp raised its position in eBay by 3.0% during the first quarter. Mackenzie Financial Corp now owns 108,859 shares of the e-commerce company's stock valued at $7,373,000 after purchasing an additional 3,194 shares in the last quarter. Finally, TCW Group Inc. lifted its stake in eBay by 129.6% during the first quarter. TCW Group Inc. now owns 123,731 shares of the e-commerce company's stock worth $8,380,000 after purchasing an additional 69,831 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EBAY has been the topic of several recent research reports. Barclays reiterated an "overweight" rating and set a $92.00 price objective (up from $77.00) on shares of eBay in a research report on Thursday. BMO Capital Markets upgraded shares of eBay from a "market perform" rating to an "outperform" rating and increased their price target for the company from $70.00 to $102.00 in a research report on Thursday. TD Securities lifted their price target on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Truist Financial upped their price objective on shares of eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $76.73.

eBay Price Performance

Shares of EBAY stock opened at $91.75 on Friday. The business's fifty day moving average is $77.03 and its 200 day moving average is $70.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $42.30 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.05 and a beta of 1.26. eBay Inc. has a twelve month low of $53.74 and a twelve month high of $92.79.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.17%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the firm earned $1.18 EPS. The company's revenue was up 6.1% compared to the same quarter last year. Research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. eBay's dividend payout ratio is presently 25.55%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the completion of the transaction, the chief executive officer owned 306,651 shares in the company, valued at approximately $23,228,813.25. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 92,895 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total value of $6,694,013.70. Following the completion of the sale, the senior vice president directly owned 123,282 shares in the company, valued at $8,883,700.92. This trade represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 337,222 shares of company stock worth $24,463,922. 0.64% of the stock is currently owned by corporate insiders.

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.

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