Asset Management One Co. Ltd. Raises Stock Position in eBay Inc. (NASDAQ:EBAY)

Asset Management One Co. Ltd. raised its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,440 shares of the e-commerce company's stock after purchasing an additional 31,015 shares during the period. Asset Management One Co. Ltd. owned 0.05% of eBay worth $16,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. IFP Advisors Inc grew its holdings in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock valued at $150,000 after buying an additional 163 shares during the last quarter. Advisor OS LLC acquired a new position in shares of eBay during the fourth quarter valued at about $688,000. NewEdge Wealth LLC grew its holdings in shares of eBay by 8.8% during the fourth quarter. NewEdge Wealth LLC now owns 461,587 shares of the e-commerce company's stock valued at $28,595,000 after buying an additional 37,457 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of eBay by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 202,400 shares of the e-commerce company's stock valued at $12,539,000 after buying an additional 3,400 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of eBay by 2.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 34,960 shares of the e-commerce company's stock valued at $2,166,000 after buying an additional 879 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EBAY shares. JPMorgan Chase & Co. lifted their price objective on shares of eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Piper Sandler boosted their price target on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. UBS Group boosted their price target on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. JMP Securities restated a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Finally, Cfra Research upgraded shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, eBay has a consensus rating of "Hold" and a consensus price target of $67.73.

Insider Activity

In other news, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. The trade was a 30.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president now directly owns 92,053 shares in the company, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 315,918 shares of company stock valued at $22,432,706 over the last quarter. Company insiders own 0.64% of the company's stock.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $0.08 during midday trading on Friday, hitting $73.76. The company's stock had a trading volume of 7,438,208 shares, compared to its average volume of 5,040,507. The stock has a fifty day moving average price of $72.49 and a 200 day moving average price of $68.04. eBay Inc. has a one year low of $52.03 and a one year high of $79.84. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $34.00 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.08 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The company's quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is currently 27.62%.

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.