Czech National Bank Grows Position in eBay Inc. (NASDAQ:EBAY)

Czech National Bank increased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,018 shares of the e-commerce company's stock after buying an additional 6,161 shares during the period. Czech National Bank's holdings in eBay were worth $7,452,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. grew its stake in shares of eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after acquiring an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP raised its position in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after purchasing an additional 2,277,839 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of eBay by 304.2% in the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after buying an additional 1,584,404 shares during the period. Raymond James Financial Inc. acquired a new stake in eBay in the fourth quarter valued at approximately $96,214,000. Finally, Boston Partners lifted its stake in eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after acquiring an additional 1,524,691 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

NASDAQ EBAY traded up $1.15 during trading on Wednesday, reaching $77.10. The company's stock had a trading volume of 6,283,163 shares, compared to its average volume of 4,967,754. The business's fifty day moving average price is $68.12 and its 200-day moving average price is $66.43. eBay Inc. has a twelve month low of $51.72 and a twelve month high of $77.31. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $35.54 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business's revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $1.25 earnings per share. As a group, analysts anticipate 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, June 13th. Stockholders 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 dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, May 30th. eBay's payout ratio is currently 27.62%.

Analyst Ratings Changes

A number of brokerages have commented on EBAY. Needham & Company LLC increased their price objective on shares of eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. TD Securities increased their target price on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Morgan Stanley lifted their price target on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Stifel Nicolaus upped their price objective on eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Piper Sandler raised their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $67.65.

Insider Activity

In other news, CFO Stephen J. Priest sold 28,060 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This trade represents a 30.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 92,895 shares of the business's 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 transaction, the senior vice president now owns 123,282 shares in the company, valued at approximately $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 90 days, insiders have sold 280,650 shares of company stock valued at $19,637,729. Company insiders own 0.64% of the company's stock.

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.