Rathbones Group PLC Buys New Holdings in eBay Inc. (NASDAQ:EBAY)

Key Points

• Rathbones Group PLC has acquired 3,378 shares of eBay Inc., representing a new investment worth approximately $229,000 as per a recent SEC filing.
• Analysts have raised their price targets for eBay, with Susquehanna increasing its target from $70.00 to $95.00 and other firms giving the stock various ratings ranging from hold to strong buy.
• eBay recently announced a quarterly dividend of $0.29 per share, with an annualized yield of 1.2%, reflecting a dividend payout ratio of 25.55%.

Rathbones Group PLC bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,378 shares of the e-commerce company's stock, valued at approximately $229,000.

A number of other large investors have also recently made changes to their positions in EBAY. Marvin & Palmer Associates Inc. purchased a new stake in eBay during the 1st quarter valued at approximately $2,958,000. Assenagon Asset Management S.A. raised its stake in eBay by 0.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock valued at $3,596,000 after acquiring an additional 246 shares during the last quarter. IFP Advisors Inc raised its stake in eBay by 59.6% during the 1st quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock valued at $261,000 after acquiring an additional 1,440 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in eBay by 2.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company's stock valued at $5,381,000 after acquiring an additional 2,095 shares during the last quarter. Finally, Oxford Asset Management LLP raised its stake in eBay by 121.9% during the 4th quarter. Oxford Asset Management LLP now owns 8,518 shares of the e-commerce company's stock valued at $528,000 after acquiring an additional 4,680 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Julie A. Loeger sold 75,952 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the sale, the senior vice president owned 53,107 shares in the company, valued at $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 2,985 shares of the firm'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 owned 92,053 shares in the company, valued at $7,241,809.51. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 276,104 shares of company stock worth $22,025,676 over the last ninety days. Company insiders own 0.64% of the company's stock.

eBay Price Performance

NASDAQ EBAY traded up $2.22 during mid-day trading on Friday, hitting $100.70. The stock had a trading volume of 6,130,705 shares, compared to its average volume of 6,987,007. The company has a 50 day simple moving average of $81.59 and a 200 day simple moving average of $72.80. The company has a market cap of $46.02 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.43 and a beta of 1.27. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 52-week low of $54.80 and a 52-week high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. eBay's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. Equities analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. eBay's dividend payout ratio (DPR) is 25.55%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Argus reaffirmed a "hold" rating on shares of eBay in a research note on Thursday. Citizens Jmp raised eBay to a "hold" rating in a research note on Thursday, July 10th. Truist Financial increased 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, Bank of America increased their target price on eBay from $71.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $78.19.

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.