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Federated Hermes Inc. Lowers Stock Position in eBay Inc. (NASDAQ:EBAY)

eBay logo with Retail/Wholesale background

Federated Hermes Inc. lessened its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 671,340 shares of the e-commerce company's stock after selling 45,143 shares during the period. Federated Hermes Inc. owned about 0.14% of eBay worth $45,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of eBay during the 4th quarter worth about $27,000. Abound Financial LLC bought a new stake in shares of eBay during the 1st quarter worth about $29,000. Pinney & Scofield Inc. bought a new stake in shares of eBay during the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay during the 4th quarter worth about $33,000. Finally, Transce3nd LLC bought a new stake in shares of eBay during the 4th quarter worth about $36,000. Institutional investors own 87.48% of the company's stock.

eBay Stock Down 0.0%

Shares of EBAY stock traded down $0.01 on Friday, hitting $91.74. The stock had a trading volume of 11,877,999 shares, compared to its average volume of 5,436,764. The business has a 50 day moving average of $77.03 and a 200 day moving average of $70.49. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.17. eBay Inc. has a 12-month low of $54.55 and a 12-month high of $92.79.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company posted $1.18 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio (DPR) is currently 25.55%.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the transaction, the senior vice president directly owned 123,282 shares in the company, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the transaction, the senior vice president owned 44,413 shares of the company's stock, valued at $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 337,222 shares of company stock worth $24,463,922 over the last ninety days. Company insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EBAY shares. Susquehanna boosted their price objective on shares of eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Bank of America boosted their price objective on shares of eBay from $71.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday. Cantor Fitzgerald boosted their price objective on shares of eBay from $69.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Needham & Company LLC boosted their price objective on shares of eBay from $78.00 to $95.00 and gave the company a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $77.69.

Read Our Latest Report on EBAY

eBay Profile

(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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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