Vontobel Holding Ltd. Reduces Stake in eBay Inc. (NASDAQ:EBAY)

Vontobel Holding Ltd. decreased its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 182,927 shares of the e-commerce company's stock after selling 5,070 shares during the quarter. Vontobel Holding Ltd.'s holdings in eBay were worth $12,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EBAY. Smithfield Trust Co grew its holdings in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after purchasing an additional 153 shares during the period. IFP Advisors Inc boosted its position in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after purchasing an additional 163 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of eBay by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company's stock valued at $270,000 after buying an additional 169 shares during the period. Optas LLC increased its position in eBay by 0.5% in the 1st quarter. Optas LLC now owns 34,160 shares of the e-commerce company's stock valued at $2,314,000 after buying an additional 169 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its position in eBay by 4.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company's stock valued at $267,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.56 during midday trading on Thursday, reaching $76.34. The company had a trading volume of 2,162,941 shares, compared to its average volume of 5,038,193. eBay Inc. has a 52-week low of $52.14 and a 52-week high of $79.84. The company's 50 day moving average price is $73.18 and its 200 day moving average price is $68.36. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $35.19 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.12 and a beta of 1.26.

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, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The firm had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company's quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio is currently 27.62%.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the sale, the senior vice president owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of eBay stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $75.04, for a total transaction of $1,666,413.28. Following the completion of the transaction, the senior vice president owned 22,206 shares of the company's stock, valued at $1,666,338.24. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 326,183 shares of company stock valued at $23,490,942. Corporate insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EBAY. Morgan Stanley increased their price target on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Wall Street Zen upgraded eBay from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Wedbush restated a "neutral" rating and set a $72.00 price target on shares of eBay in a research note on Wednesday, June 11th. Piper Sandler upped their price objective on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $67.85.

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.