California State Teachers Retirement System reduced its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 814,651 shares of the e-commerce company's stock after selling 94,070 shares during the period. California State Teachers Retirement System owned about 0.17% of eBay worth $50,468,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Avior Wealth Management LLC grew its stake in shares of eBay by 650.3% during the 4th quarter. Avior Wealth Management LLC now owns 2,266 shares of the e-commerce company's stock worth $140,000 after acquiring an additional 1,964 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in eBay by 18.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,014 shares of the e-commerce company's stock worth $311,000 after purchasing an additional 770 shares during the last quarter. Geneos Wealth Management Inc. grew its position in eBay by 8.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 8,741 shares of the e-commerce company's stock valued at $541,000 after purchasing an additional 667 shares in the last quarter. Blue Trust Inc. grew its position in eBay by 13.8% in the fourth quarter. Blue Trust Inc. now owns 5,750 shares of the e-commerce company's stock valued at $374,000 after purchasing an additional 697 shares in the last quarter. Finally, KBC Group NV increased its stake in eBay by 4.9% in the 4th quarter. KBC Group NV now owns 371,879 shares of the e-commerce company's stock valued at $23,037,000 after buying an additional 17,518 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.
eBay Stock Performance
EBAY traded up $0.41 during trading on Friday, hitting $73.15. The stock had a trading volume of 8,557,956 shares, compared to its average volume of 4,957,541. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day moving average price of $67.76 and a 200-day moving average price of $66.27. eBay Inc. has a one year low of $51.72 and a one year high of $73.34. The firm has a market cap of $33.72 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.22 and a beta of 1.30.
eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. As a group, research analysts predict that eBay Inc. will post 3.86 EPS for the current year.
eBay Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, May 30th. eBay's dividend payout ratio is currently 27.62%.
Insider Buying and Selling at eBay
In other news, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president now directly owns 123,282 shares in the company, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 10,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $69.83, for a total value of $698,300.00. Following the completion of the transaction, the chief executive officer now owns 570,754 shares in the company, valued at $39,855,751.82. The trade was a 1.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 280,650 shares of company stock valued at $19,637,729 in the last quarter. Company insiders own 0.64% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on EBAY shares. Wells Fargo & Company increased their price objective on shares of eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. TD Securities increased their price target on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Piper Sandler upped their price objective on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Evercore ISI raised their target price 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. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $67.42.
Read Our Latest Stock Report on eBay
eBay Profile
(
Free Report)
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.
See Also
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
