Siemens Fonds Invest GmbH Cuts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Siemens Fonds Invest GmbH trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 60.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of eBay by 21.7% in the 4th quarter. Park Avenue Securities LLC now owns 13,776 shares of the e-commerce company's stock valued at $853,000 after purchasing an additional 2,454 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of eBay by 7.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,340 shares of the e-commerce company's stock worth $269,000 after buying an additional 289 shares during the period. Cypress Wealth Services LLC lifted its stake in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after acquiring an additional 157 shares in the last quarter. Avanza Fonder AB bought a new position in shares of eBay during the 4th quarter worth approximately $3,263,000. Finally, Merit Financial Group LLC lifted its position in shares of eBay by 169.9% in the fourth quarter. Merit Financial Group LLC now owns 9,302 shares of the e-commerce company's stock worth $576,000 after purchasing an additional 5,855 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares in the company, valued at $39,153,665.80. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,755 shares of company stock worth $12,943,715 over the last quarter. Company insiders own 0.64% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on EBAY shares. Bank of America lowered their target price on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and cut their target price for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Piper Sandler upped their target price on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company upped their target price on eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $67.42.

eBay Trading Down 0.2%

Shares of NASDAQ EBAY traded down $0.18 during midday trading on Friday, hitting $71.97. 1,449,368 shares of the company traded hands, compared to its average volume of 4,978,047. eBay Inc. has a 12-month low of $51.38 and a 12-month high of $72.94. The stock has a 50-day moving average price of $67.02 and a 200 day moving average price of $65.77. 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 $33.18 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last released its 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 net margin of 19.68% and a return on equity of 30.97%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company's revenue was up 1.1% compared to the same quarter last year. As a group, analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.61%. eBay's dividend payout ratio (DPR) is presently 27.62%.

eBay Company 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.