QRG Capital Management Inc. boosted its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 32.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,568 shares of the e-commerce company's stock after acquiring an additional 37,979 shares during the quarter. QRG Capital Management Inc.'s holdings in eBay were worth $10,401,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP raised its position in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after purchasing an additional 2,277,839 shares in the last quarter. Marshall Wace LLP raised its position in eBay by 304.2% in the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after purchasing an additional 1,584,404 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in eBay in the 4th quarter valued at about $96,214,000. Finally, Boston Partners raised its position in eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
eBay Stock Up 0.5%
EBAY opened at $77.71 on Tuesday. The business's fifty day moving average is $70.58 and its two-hundred day moving average is $67.40. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $35.82 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.22 and a beta of 1.27. eBay Inc. has a one year low of $51.72 and a one year high of $79.84.
eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping 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 30.97% and a net margin of 19.68%. eBay's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. Analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.
eBay Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.49%. eBay's payout ratio is 27.62%.
Insiders Place Their Bets
In other news, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the sale, the senior vice president now directly owns 92,053 shares in the company, valued at $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $79.06, for a total value of $999,634.64. Following the completion of the sale, the chief executive officer now owns 325,053 shares in the company, valued at $25,698,690.18. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 292,321 shares of company stock worth $20,606,770. 0.64% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages have recently weighed in on EBAY. Morgan Stanley raised their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on eBay from $60.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Piper Sandler lifted their price target on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets boosted their target price on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Finally, Susquehanna boosted their target price on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, eBay currently has a consensus rating of "Hold" and a consensus price target of $67.73.
Read Our Latest Stock 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
