Mizuho Securities USA LLC Has $2.60 Million Position in eBay Inc. (NASDAQ:EBAY)

Key Points

• Mizuho Securities USA LLC reduced its stake in eBay Inc. by 15.5% in the first quarter, owning 38,353 shares worth approximately $2.6 million after selling 7,045 shares.
• eBay's recent earnings report revealed an EPS of $1.37, exceeding analysts' expectations and showing a 6.1% year-over-year revenue growth of $2.73 billion.
• The company announced a quarterly dividend of $0.29 per share, with a dividend yield of 1.2% and a payout ratio of 25.55%.

Mizuho Securities USA LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,353 shares of the e-commerce company's stock after selling 7,045 shares during the quarter. Mizuho Securities USA LLC's holdings in eBay were worth $2,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Impax Asset Management Group plc increased its position in eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after purchasing an additional 3,401,198 shares in the last quarter. Ameriprise Financial Inc. grew its position in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP grew its position in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Pacer Advisors Inc. grew its position in eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock valued at $148,757,000 after acquiring an additional 2,154,735 shares in the last quarter. Finally, Marshall Wace LLP grew its position in eBay by 304.2% in the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after acquiring an additional 1,584,404 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Stock Performance

EBAY traded up $1.76 on Tuesday, hitting $97.06. The company had a trading volume of 5,688,721 shares, compared to its average volume of 6,630,548. The company's fifty day moving average price is $80.26 and its 200 day moving average price is $72.11. eBay Inc. has a 1-year low of $54.80 and a 1-year high of $97.19. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $44.36 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.30 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.30 by $0.07. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. Equities analysts predict that eBay Inc. will post 3.86 earnings per share 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 of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay's payout ratio is currently 25.55%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 10,974 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the transaction, the chief executive officer owned 306,651 shares of the company's stock, valued at approximately $23,228,813.25. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president directly owned 92,053 shares in the company, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 276,104 shares of company stock worth $22,025,676 in the last quarter. Corporate insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Barclays restated an "overweight" rating and set a $92.00 price objective (up from $77.00) on shares of eBay in a research note on Thursday, July 31st. Arete upgraded eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective on the stock in a research note on Thursday, August 7th. Piper Sandler raised their price objective on eBay from $74.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $78.19.

eBay Company 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.