IFM Investors Pty Ltd Raises Position in eBay Inc. (NASDAQ:EBAY)

IFM Investors Pty Ltd lifted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,216 shares of the e-commerce company's stock after buying an additional 7,822 shares during the period. IFM Investors Pty Ltd's holdings in eBay were worth $6,720,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Rosenberg Matthew Hamilton grew its stake in shares of eBay by 36.5% in the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock worth $41,000 after acquiring an additional 160 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in eBay by 4.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company's stock worth $270,000 after purchasing an additional 169 shares during the last quarter. Optas LLC boosted its holdings in eBay by 0.5% during the first quarter. Optas LLC now owns 34,160 shares of the e-commerce company's stock worth $2,314,000 after purchasing an additional 169 shares during the last quarter. HighPoint Advisor Group LLC grew its position in eBay by 4.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company's stock worth $267,000 after purchasing an additional 172 shares in the last quarter. Finally, Ellevest Inc. increased its stake in eBay by 1.7% in the 4th quarter. Ellevest Inc. now owns 10,642 shares of the e-commerce company's stock valued at $659,000 after buying an additional 183 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EBAY. TD Securities boosted their target price on eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Evercore ISI lifted their price target on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Citigroup reduced their price objective on eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Truist Financial lifted their target price on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, JMP Securities restated a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, eBay currently has an average rating of "Hold" and an average target price of $67.85.

eBay Price Performance

NASDAQ EBAY traded down $0.45 on Monday, hitting $75.91. The stock had a trading volume of 4,845,721 shares, compared to its average volume of 5,046,828. The firm has a 50-day moving average of $73.53 and a 200-day moving average of $68.59. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. eBay Inc. has a 52-week low of $52.15 and a 52-week high of $79.84. The company has a market capitalization of $34.99 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26.

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

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is 27.62%.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 92,895 shares of the stock in a transaction 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 transaction, the senior vice president owned 123,282 shares of the company's stock, valued at $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the sale, the senior vice president owned 92,053 shares in the company, valued at $7,241,809.51. The trade was a 3.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 326,183 shares of company stock valued at $23,490,942. Company insiders own 0.64% of the company's stock.

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.