UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,834,195 shares of the e-commerce company's stock after acquiring an additional 386,568 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.22% of eBay worth $361,428,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Park Avenue Securities LLC lifted its holdings in eBay by 21.7% during 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 last quarter. Hennion & Walsh Asset Management Inc. grew its stake in 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 last quarter. Merit Financial Group LLC increased its holdings in shares of eBay by 169.9% during the fourth quarter. Merit Financial Group LLC now owns 9,302 shares of the e-commerce company's stock worth $576,000 after buying an additional 5,855 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of eBay by 2.1% in the fourth quarter. HB Wealth Management LLC now owns 9,984 shares of the e-commerce company's stock valued at $619,000 after acquiring an additional 210 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of eBay by 16.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,560 shares of the e-commerce company's stock valued at $97,000 after acquiring an additional 215 shares during the last quarter. 87.48% of the stock is owned by institutional investors.
Insider Buying and Selling at eBay
In related news, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at $39,153,665.80. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Julie A. Loeger sold 92,895 shares of eBay stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at $8,883,700.92. The trade was a 42.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 280,650 shares of company stock valued at $19,637,729. 0.64% of the stock is currently owned by company insiders.
eBay Trading Up 1.1%
NASDAQ EBAY traded up $0.78 during trading hours on Tuesday, hitting $72.70. The company's stock had a trading volume of 1,548,182 shares, compared to its average volume of 4,961,870. eBay Inc. has a twelve month low of $51.38 and a twelve month high of $72.94. The firm has a market capitalization of $33.51 billion, a P/E ratio of 18.28, a PEG ratio of 2.22 and a beta of 1.30. 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 stock has a fifty day moving average of $67.25 and a 200 day moving average of $65.98.
eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. Equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.
eBay Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.29 dividend. 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 1.60%. eBay's dividend payout ratio is presently 27.62%.
Wall Street Analyst Weigh In
A number of research firms recently commented on EBAY. Cantor Fitzgerald increased their price target on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a report on Monday, May 12th. Truist Financial raised their target price on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Bank of America cut their price target on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Two 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $67.42.
Check Out Our Latest Analysis on eBay
eBay Company Profile
(
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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