Lbp Am Sa Has $7.21 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

LBP AM SA lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,435 shares of the e-commerce company's stock after selling 4,145 shares during the quarter. LBP AM SA's holdings in eBay were worth $7,209,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Abound Financial LLC bought a new position in eBay during the 1st quarter worth approximately $29,000. Orion Capital Management LLC bought a new stake in shares of eBay in the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay in the 4th quarter valued at approximately $33,000. Finally, Sierra Ocean LLC increased its position in eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total value of $961,196.88. Following the transaction, the chief executive officer directly owned 317,625 shares in the company, valued at approximately $24,145,852.50. The trade was a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total value of $1,825,935.86. Following the completion of the transaction, the senior vice president owned 44,413 shares in the company, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,183 shares of company stock valued at $23,490,942. Company insiders own 0.64% of the company's stock.

eBay Stock Down 0.1%

EBAY traded down $0.11 during trading on Friday, reaching $77.11. 3,593,286 shares of the stock traded hands, compared to its average volume of 5,051,451. The stock has a market cap of $35.55 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. eBay Inc. has a fifty-two week low of $53.10 and a fifty-two week high of $79.84. 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 stock's 50-day simple moving average is $74.41 and its two-hundred day simple moving average is $68.95.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share 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 during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.50%. eBay's payout ratio is presently 27.62%.

Wall Street Analyst Weigh In

Several research firms recently commented on EBAY. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Barclays raised their target price on eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Monday, May 12th. Morgan Stanley lifted their price target on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Truist Financial lifted their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $68.12.

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.