Siemens Fonds Invest GmbH trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 60.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,262 shares of the e-commerce company's stock after selling 9,375 shares during the period. Siemens Fonds Invest GmbH's holdings in eBay were worth $388,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP lifted its holdings in 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 worth $692,517,000 after acquiring an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 worth $435,665,000 after acquiring an additional 245,624 shares during the last quarter. Northern Trust Corp lifted its holdings in eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock worth $421,834,000 after acquiring an additional 1,030,292 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in 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 worth $367,767,000 after acquiring an additional 82,904 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
EBAY has been the topic of a number of recent research reports. Piper Sandler raised their target price on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Cantor Fitzgerald raised their target price on shares of eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. UBS Group lifted their price target on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Citigroup cut their price target on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, eBay has an average rating of "Hold" and a consensus price target of $67.42.
Check Out Our Latest Research Report on eBay
eBay Stock Performance
eBay stock traded up $0.41 during midday trading on Friday, reaching $73.15. 8,557,956 shares of the company's stock were exchanged, compared to its average volume of 4,957,541. eBay Inc. has a 52 week low of $51.72 and a 52 week high of $73.34. 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 firm has a market cap of $33.72 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.22 and a beta of 1.30. The stock's 50-day simple moving average is $67.76 and its 200 day simple moving average is $66.22.
eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm's quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.
eBay Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.59%. eBay's payout ratio is 27.62%.
Insiders Place Their Bets
In related news, SVP Julie A. Loeger sold 92,895 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 123,282 shares in the company, valued at $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This trade represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 280,650 shares of company stock worth $19,637,729 over the last ninety days. Corporate insiders own 0.64% of the company's stock.
About eBay
(
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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