Banco Santander S.A. Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

Banco Santander S.A. boosted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 316.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,386 shares of the e-commerce company's stock after acquiring an additional 12,454 shares during the period. Banco Santander S.A.'s holdings in eBay were worth $1,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Rosenberg Matthew Hamilton lifted its holdings in shares of eBay by 36.5% in the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after purchasing an additional 160 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in eBay by 4.0% during the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock worth $285,000 after buying an additional 160 shares during the period. Journey Strategic Wealth LLC increased its position in eBay by 4.4% during the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock worth $266,000 after buying an additional 166 shares during the period. Hohimer Wealth Management LLC lifted its stake in eBay by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock valued at $4,024,000 after buying an additional 167 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of eBay by 1.9% in the first quarter. Kestra Private Wealth Services LLC now owns 9,149 shares of the e-commerce company's stock valued at $620,000 after acquiring an additional 168 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

eBay stock opened at $91.74 on Monday. The firm has a market capitalization of $42.29 billion, a PE ratio of 20.21, a P/E/G ratio of 2.25 and a beta of 1.27. eBay Inc. has a 52 week low of $54.55 and a 52 week high of $92.79. The firm's 50-day simple moving average is $77.42 and its 200 day simple moving average is $70.76. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) 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 38.97%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter in the previous year, the business posted $1.18 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EBAY shares. Bank of America raised their target price on shares of eBay from $71.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Citizens Jmp upgraded shares of eBay to a "hold" rating in a research note on Thursday, July 10th. Evercore ISI lifted their price objective on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Barclays reaffirmed an "overweight" rating and issued a $92.00 target price (up from $77.00) on shares of eBay in a report on Thursday. Finally, Wells Fargo & Company raised their price target on eBay from $66.00 to $84.00 and gave the stock an "equal weight" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of "Hold" and a consensus price target of $77.69.

Insider Buying and Selling

In related news, SVP Julie A. Loeger sold 92,895 shares of eBay stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the sale, the senior vice president owned 123,282 shares in the company, valued at approximately $8,883,700.92. This trade represents a 42.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction dated 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 transaction, the senior vice president directly owned 92,053 shares of the company's stock, valued at $7,241,809.51. The trade was a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,222 shares of company stock worth $23,765,622 in the last 90 days. Corporate insiders own 0.64% of the company's stock.

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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