eBay Inc. (NASDAQ:EBAY) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 27.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,137,739 shares of the e-commerce company's stock after selling 433,839 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.24% of eBay worth $77,059,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in shares of eBay by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,904 shares of the e-commerce company's stock valued at $3,154,000 after purchasing an additional 238 shares during the period. Norges Bank purchased a new stake in shares of eBay during the fourth quarter valued at approximately $40,805,000. Assenagon Asset Management S.A. raised its stake in shares of eBay by 0.5% during the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock valued at $3,596,000 after purchasing an additional 246 shares during the period. Portolan Capital Management LLC raised its stake in shares of eBay by 210.2% during the fourth quarter. Portolan Capital Management LLC now owns 238,132 shares of the e-commerce company's stock valued at $14,752,000 after purchasing an additional 161,372 shares during the period. Finally, Maridea Wealth Management LLC purchased a new stake in shares of eBay during the fourth quarter valued at approximately $324,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president owned 92,053 shares of the company's stock, valued at $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total value of $6,694,013.70. Following the sale, the senior vice president directly owned 123,282 shares of the company's stock, valued at $8,883,700.92. The trade was a 42.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 347,222 shares of company stock worth $25,143,522. 0.64% of the stock is owned by corporate insiders.

eBay Trading Up 2.2%

NASDAQ EBAY traded up $1.70 on Tuesday, hitting $80.73. 990,387 shares of the company were exchanged, compared to its average volume of 5,049,981. The company's 50 day moving average price is $75.13 and its 200-day moving average price is $69.55. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $37.22 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.18 and a beta of 1.26. eBay Inc. has a twelve month low of $53.10 and a twelve month high of $80.82.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. eBay's payout ratio is 27.62%.

Analysts Set New Price Targets

EBAY has been the subject of a number of research analyst reports. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target (up previously from $74.00) on shares of eBay in a research note on Monday. Truist Financial lifted their price target on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Citizens Jmp upgraded shares of eBay to a "hold" rating in a research note on Thursday, July 10th. TD Securities lifted their price target on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird lifted their price target 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. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, eBay currently has an average rating of "Hold" and an average target price of $68.38.

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.

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