Focus Partners Wealth Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

Focus Partners Wealth grew its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 26.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,370 shares of the e-commerce company's stock after purchasing an additional 5,137 shares during the period. Focus Partners Wealth's holdings in eBay were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in EBAY. Ameriprise Financial Inc. increased its position in shares of 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 boosted its stake in eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after purchasing an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after purchasing an additional 245,624 shares in the last quarter. Northern Trust Corp raised its stake in shares of eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock worth $421,834,000 after purchasing an additional 1,030,292 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock worth $367,767,000 after purchasing an additional 82,904 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. The trade was a 1.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 10,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $69.83, for a total transaction of $698,300.00. Following the transaction, the chief executive officer now owns 570,754 shares in the company, valued at $39,855,751.82. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock worth $12,943,715 over the last ninety days. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Piper Sandler upped their target price on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley increased their target price on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Citigroup cut their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Truist Financial upped their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus target price of $67.42.

eBay Stock Performance

EBAY traded up $0.16 on Tuesday, hitting $72.59. The company's stock had a trading volume of 5,080,729 shares, compared to its average volume of 4,985,611. eBay Inc. has a 12 month low of $51.02 and a 12 month high of $72.94. The firm has a market cap of $33.46 billion, a P/E ratio of 18.24, a price-to-earnings-growth 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 company's 50 day simple moving average is $66.63 and its 200-day simple moving average is $65.60.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share 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 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 period in the previous year, the business earned $1.25 earnings per share. Analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, May 30th. eBay's dividend payout ratio is 27.62%.

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.