Vanguard Group Inc. boosted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 0.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,637,972 shares of the e-commerce company's stock after purchasing an additional 22,464 shares during the quarter. Vanguard Group Inc. owned approximately 12.94% of eBay worth $4,039,280,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new stake in eBay during the fourth quarter worth about $27,000. Abound Financial LLC acquired a new stake in eBay during the first quarter worth about $29,000. Pinney & Scofield Inc. acquired a new stake in eBay during the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay during the fourth quarter worth about $33,000. Finally, Transce3nd LLC acquired a new stake in eBay during the fourth quarter worth about $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, SVP Julie A. Loeger sold 75,952 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the sale, the senior vice president directly owned 53,107 shares in the company, valued at $4,952,227.75. This trade represents a 58.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. Insiders have sold 276,104 shares of company stock valued at $22,025,676 in the last quarter. 0.64% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on EBAY shares. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research note on Monday, May 12th. Truist Financial upped their price target on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Evercore ISI upped their price target on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets raised eBay from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $70.00 to $102.00 in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $78.19.
Read Our Latest Stock Analysis on EBAY
eBay Stock Performance
Shares of NASDAQ EBAY traded up $0.12 during mid-day trading on Friday, hitting $93.14. The company had a trading volume of 5,326,361 shares, compared to its average volume of 6,380,925. The stock has a market cap of $42.56 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.25 and a beta of 1.27. eBay Inc. has a 12 month low of $54.80 and a 12 month high of $93.50. 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 firm's 50 day simple moving average is $79.43 and its two-hundred day simple moving average is $71.67.
eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. The business 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 business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. As a group, equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.
eBay Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio (DPR) is currently 25.55%.
eBay Company Profile
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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.
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