Lodestone Wealth Management LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 17.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,999 shares of the e-commerce company's stock after selling 4,723 shares during the quarter. Lodestone Wealth Management LLC's holdings in eBay were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of eBay by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after acquiring an additional 245,624 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after acquiring an additional 1,030,292 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after acquiring an additional 82,904 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.
eBay Trading Up 0.7%
Shares of EBAY traded up $0.56 on Friday, hitting $76.34. 2,162,941 shares of the stock traded hands, compared to its average volume of 5,047,638. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $35.19 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.13 and a beta of 1.26. The stock's 50 day moving average is $73.53 and its two-hundred day moving average is $68.53. eBay Inc. has a 1 year low of $52.15 and a 1 year high of $79.84.
eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. eBay's revenue for the quarter was up 1.1% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio (DPR) is 27.62%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on EBAY. Needham & Company LLC lifted their target price on shares of eBay from $72.00 to $78.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Cfra Research raised shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. Truist Financial boosted their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. UBS Group boosted their price objective on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus boosted their price objective on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.85.
Check Out Our Latest Report on EBAY
Insider Activity at eBay
In related news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the company'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 approximately $3,436,677.94. This represents a 34.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president directly owned 123,282 shares of the company's stock, valued at $8,559,469.26. This trade represents a 50.76% 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 worth $23,490,942. 0.64% of the stock is currently owned by company insiders.
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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