State of Wyoming Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

State of Wyoming lifted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 182.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,401 shares of the e-commerce company's stock after buying an additional 4,132 shares during the period. State of Wyoming's holdings in eBay were worth $397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in eBay in the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay in the fourth quarter worth approximately $33,000. Transce3nd LLC bought a new position in shares of eBay in the fourth quarter worth approximately $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay in the fourth quarter worth $36,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of eBay in the fourth quarter worth $40,000. Institutional investors own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. The trade was a 1.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 280,650 shares of company stock worth $19,637,729. Insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Needham & Company LLC increased their price target on shares of eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Piper Sandler increased 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 boosted their price target on eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Bank of America lowered their price target on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Citigroup cut their price objective on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two equities 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $67.42.

eBay Stock Down 0.3%

Shares of NASDAQ EBAY traded down $0.23 during trading on Monday, reaching $71.92. The company had a trading volume of 3,562,275 shares, compared to its average volume of 4,975,230. eBay Inc. has a 12-month low of $51.38 and a 12-month high of $72.94. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business's 50-day moving average is $67.15 and its 200 day moving average is $65.91. The stock has a market cap of $33.16 billion, a PE ratio of 18.07, a P/E/G ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate 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 net margin of 19.68% and a return on equity of 30.97%. eBay's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. As a group, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal 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 $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.61%. eBay's dividend payout ratio (DPR) is presently 27.62%.

About eBay

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.