eBay Inc. (NASDAQ:EBAY) Shares Purchased by Unigestion Holding SA

Unigestion Holding SA lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 44.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,769 shares of the e-commerce company's stock after buying an additional 26,769 shares during the period. Unigestion Holding SA's holdings in eBay were worth $5,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EBAY. Perigon Wealth Management LLC acquired a new stake in shares of eBay in the 4th quarter worth $267,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in eBay by 10.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,547 shares of the e-commerce company's stock worth $963,000 after purchasing an additional 1,410 shares in the last quarter. DAVENPORT & Co LLC lifted its position in eBay by 28.2% in the fourth quarter. DAVENPORT & Co LLC now owns 5,709 shares of the e-commerce company's stock valued at $354,000 after purchasing an additional 1,257 shares during the period. Journey Strategic Wealth LLC boosted its holdings in eBay by 5.3% in the 4th quarter. Journey Strategic Wealth LLC now owns 3,755 shares of the e-commerce company's stock valued at $233,000 after purchasing an additional 189 shares in the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in eBay in the 4th quarter valued at approximately $877,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Up 0.8%

Shares of EBAY traded up $0.64 during mid-day trading on Thursday, reaching $77.74. The company had a trading volume of 6,633,318 shares, compared to its average volume of 4,974,247. eBay Inc. has a fifty-two week low of $51.72 and a fifty-two week high of $78.64. The firm has a fifty day simple moving average of $68.32 and a 200-day simple moving average of $66.51. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. The firm 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 30.97% and a net margin of 19.68%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. On average, sell-side analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared 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. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 27.62%.

Insiders Place Their Bets

In related news, SVP Julie A. Loeger sold 92,895 shares of eBay stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the sale, the senior vice president now owns 123,282 shares of the company's stock, valued at $8,883,700.92. The trade was a 42.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,650 shares of company stock worth $19,637,729 in the last 90 days. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EBAY. Stifel Nicolaus increased their target price on eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Bank of America cut their price objective on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Piper Sandler boosted their target price on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Sanford C. Bernstein lowered shares of eBay from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $67.65.

eBay 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.