TD Asset Management Inc Sells 10,458 Shares of eBay Inc. (NASDAQ:EBAY)

Key Points

• TD Asset Management Inc reduced its stake in eBay Inc. by 2.0%, owning 500,593 shares worth approximately $33.9 million after selling 10,458 shares in the first quarter.
• eBay's stock is currently down 0.6% at $78.50, with a market capitalization of $36.19 billion and a PE ratio of 18.69, reflecting its financial performance.
• Analysts have mixed ratings on eBay, with two giving sell ratings, eighteen holding, and ten advising buy, while the average target price is $70.42.

TD Asset Management Inc lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,593 shares of the e-commerce company's stock after selling 10,458 shares during the period. TD Asset Management Inc owned 0.11% of eBay worth $33,905,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EBAY. Orion Capital Management LLC acquired a new position in eBay in the 4th quarter valued at about $27,000. Abound Financial LLC acquired a new position in shares of eBay in the 1st quarter worth approximately $29,000. Pinney & Scofield Inc. acquired a new position in shares of eBay in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay in the 4th quarter worth approximately $33,000. Finally, Transce3nd LLC acquired a new position in shares of eBay in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of NASDAQ:EBAY traded up $0.19 during trading on Friday, reaching $91.94. 6,678,420 shares of the company traded hands, compared to its average volume of 5,575,750. The company's 50 day moving average is $77.03 and its two-hundred day moving average is $70.49. The firm has a market capitalization of $42.38 billion, a PE ratio of 20.22, a PEG ratio of 2.05 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay Inc. has a 52 week low of $54.55 and a 52 week high of $92.79.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a return on equity of 38.17% and a net margin of 20.86%. 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 firm earned $1.18 EPS. eBay's revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

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 dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. eBay's dividend payout ratio is presently 25.55%.

Insiders Place Their Bets

In related news, SVP Julie A. Loeger sold 92,895 shares of the company'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 sale, the senior vice president owned 123,282 shares in the company, valued at $8,883,700.92. This represents a 42.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was 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 337,222 shares of company stock worth $24,463,922 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citigroup dropped their target price on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Daiwa America upgraded shares of eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Truist Financial raised their price objective on shares of eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley raised their target price on shares of eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $77.69.

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.