Russell Investments Group Ltd. Buys 536,145 Shares of eBay Inc. (NASDAQ:EBAY)

Russell Investments Group Ltd. raised its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 50.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,594,272 shares of the e-commerce company's stock after acquiring an additional 536,145 shares during the period. Russell Investments Group Ltd. owned approximately 0.31% of eBay worth $69,523,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 39.8% in the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company's stock valued at $547,516,000 after acquiring an additional 3,534,030 shares in the last quarter. Pacer Advisors Inc. lifted its position in eBay by 34.3% in the fourth quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company's stock worth $254,712,000 after purchasing an additional 1,491,485 shares during the period. Invesco Ltd. boosted its stake in eBay by 16.0% during the 3rd quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company's stock valued at $360,749,000 after purchasing an additional 1,130,089 shares in the last quarter. Boston Partners boosted its stake in eBay by 17.7% during the 3rd quarter. Boston Partners now owns 3,980,512 shares of the e-commerce company's stock valued at $175,451,000 after purchasing an additional 599,607 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of eBay by 604.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company's stock valued at $27,522,000 after purchasing an additional 541,384 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on EBAY shares. Susquehanna upped their price objective on eBay from $43.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, February 29th. Piper Sandler upped their price target on shares of eBay from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, February 28th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $55.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th. Finally, Mizuho raised their target price on shares of eBay from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, eBay presently has a consensus rating of "Hold" and an average price target of $49.17.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares of the company's stock, valued at approximately $1,372,140.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.21% of the company's stock.

eBay Stock Up 1.4 %

Shares of EBAY traded up $0.73 during mid-day trading on Monday, reaching $52.75. The company's stock had a trading volume of 5,975,981 shares, compared to its average volume of 6,365,235. The company has a market cap of $27.32 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The business has a fifty day moving average of $50.29 and a 200 day moving average of $44.63. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.93.

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, beating 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 for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. eBay's quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that eBay Inc. will post 3.75 earnings per share for the current fiscal year.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from eBay's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. eBay's payout ratio is presently 20.69%.

eBay announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.