eBay Inc. (NASDAQ:EBAY) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 49.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 382,033 shares of the e-commerce company's stock after selling 376,829 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of eBay worth $16,664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in EBAY. CVA Family Office LLC bought a new position in shares of eBay in the fourth quarter worth $25,000. SkyView Investment Advisors LLC bought a new position in eBay in the 1st quarter worth about $27,000. Almanack Investment Partners LLC. bought a new position in eBay in the 3rd quarter worth about $28,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of eBay in the 4th quarter valued at about $29,000. Finally, Gyon Technologies Capital Management LP bought a new stake in shares of eBay during the 4th quarter valued at about $32,000. Institutional investors own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EBAY. Piper Sandler upped their price objective on shares of eBay from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 28th. The Goldman Sachs Group started coverage on shares of eBay in a report on Wednesday, January 10th. They set a "sell" rating and a $38.00 price objective for the company. StockNews.com lowered shares of eBay from a "buy" rating to a "hold" rating in a research report on Saturday, April 6th. Truist Financial raised their price target on eBay from $47.00 to $48.00 and gave the company a "hold" rating in a research report on Thursday, February 29th. Finally, Susquehanna upped their price objective on eBay from $43.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $49.21.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now owns 31,888 shares of the company's stock, valued at $1,372,140.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

eBay Stock Down 1.1 %

NASDAQ EBAY traded down $0.57 during mid-day trading on Thursday, reaching $51.89. The stock had a trading volume of 3,650,860 shares, compared to its average volume of 6,618,285. The company has a fifty day moving average price of $48.24 and a 200 day moving average price of $43.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.93. The stock has a market cap of $26.88 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The firm had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.51 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company's revenue was up 3.6% on a year-over-year basis. On average, research analysts expect that eBay Inc. will post 3.69 earnings per share for the current year.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a $0.27 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.08 annualized dividend and a yield of 2.08%. This is a boost from eBay's previous quarterly dividend of $0.25. eBay's dividend payout ratio (DPR) is currently 20.69%.

eBay declared that its board has authorized a stock buyback program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

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.