Truist Financial Corp Has $85.87 Million Position in eBay Inc. (NASDAQ:EBAY)

Truist Financial Corp increased its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 12.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,267,794 shares of the e-commerce company's stock after acquiring an additional 136,317 shares during the period. Truist Financial Corp owned about 0.27% of eBay worth $85,868,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriprise Financial Inc. raised its holdings in eBay by 12.4% during 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 acquiring an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP raised its stake 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 valued at $692,517,000 after buying an additional 2,277,839 shares during the period. Dimensional Fund Advisors LP raised its stake 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 valued at $435,665,000 after buying an additional 245,624 shares during the period. Northern Trust Corp raised its stake 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 valued at $421,834,000 after buying an additional 1,030,292 shares during the period. Finally, Boston Partners raised its stake in eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after buying an additional 1,524,691 shares during the period. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of EBAY traded up $0.56 during trading hours on Friday, reaching $76.34. The stock had a trading volume of 2,162,941 shares, compared to its average volume of 5,047,638. eBay Inc. has a 12 month low of $52.15 and a 12 month high of $79.84. The stock has a market capitalization of $35.19 billion, a PE ratio of 18.18, a PEG ratio of 2.13 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The company's 50-day moving average is $73.53 and its two-hundred day moving average is $68.56.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. eBay's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. Research analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.29 dividend. 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 1.52%. eBay's payout ratio is 27.62%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the completion of the sale, the chief executive officer directly owned 306,651 shares in the company, valued at approximately $23,228,813.25. This trade represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Julie A. Loeger sold 92,895 shares of the stock in a transaction dated 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 owned 123,282 shares of the company's stock, valued at approximately $8,883,700.92. The trade was a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,183 shares of company stock valued at $23,490,942. Company insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EBAY shares. Barclays raised their target price on shares of eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Cantor Fitzgerald upped their target price on eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Truist Financial upped their target price on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. TD Securities upped their target price on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley 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. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.85.

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.