Wakefield Asset Management LLLP Takes $1.40 Million Position in eBay Inc. (NASDAQ:EBAY)

Wakefield Asset Management LLLP bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,612 shares of the e-commerce company's stock, valued at approximately $1,396,000.

Several other large investors have also modified their holdings of EBAY. Orion Capital Management LLC acquired a new stake in shares of eBay during the 4th quarter worth $27,000. Abound Financial LLC acquired a new stake in shares of eBay in the first quarter worth $29,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the fourth quarter worth $33,000. Finally, Transce3nd LLC acquired a new stake in shares of eBay in the fourth quarter worth $36,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent analyst reports. Morgan Stanley restated an "overweight" rating and set a $81.00 price objective (up previously from $74.00) on shares of eBay in a research note on Monday. Truist Financial lifted their price target on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Needham & Company LLC lifted their price target on eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. TD Securities lifted their price target on eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Cfra Research upgraded eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, eBay currently has a consensus rating of "Hold" and a consensus target price of $68.38.

eBay Price Performance

NASDAQ:EBAY opened at $81.76 on Wednesday. The company's 50-day moving average is $75.13 and its two-hundred day moving average is $69.55. eBay Inc. has a 12-month low of $53.10 and a 12-month high of $82.24. The firm has a market cap of $37.69 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.21 and a beta of 1.26. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $1.25 EPS. The business's quarterly revenue was up 1.1% on a year-over-year basis. Research analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company 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. This represents a $1.16 annualized dividend and a yield of 1.42%. 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, CEO Jamie Iannone sold 10,974 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were 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 owned 306,651 shares of the company's stock, valued at $23,228,813.25. This represents a 3.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. Insiders sold 347,222 shares of company stock valued at $25,143,522 in the last three months. Corporate insiders own 0.64% of the company's stock.

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.

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