82,869 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 82,869 shares of the e-commerce company's stock, valued at approximately $3,615,000.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in shares of eBay in the 4th quarter valued at about $25,000. First Command Advisory Services Inc. purchased a new position in shares of eBay during the third quarter worth approximately $46,000. Cambridge Trust Co. increased its holdings in shares of eBay by 135.0% in the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company's stock valued at $51,000 after acquiring an additional 675 shares during the period. NBC Securities Inc. acquired a new position in shares of eBay in the 3rd quarter valued at $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in eBay in the 3rd quarter valued at $71,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the firm's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company's stock, valued at $8,803,915.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares of the company's stock, valued at approximately $8,803,915.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Edward O. Garcia sold 1,165 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 31,888 shares of the company's stock, valued at approximately $1,372,140.64. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EBAY. Morgan Stanley lowered their price objective on shares of eBay from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, May 2nd. Truist Financial boosted their price target on eBay from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, May 6th. Susquehanna upped their price objective on eBay from $43.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. StockNews.com downgraded eBay from a "buy" rating to a "hold" rating in a research note on Friday, May 3rd. Finally, Benchmark restated a "buy" rating and set a $58.00 price target on shares of eBay in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, eBay currently has a consensus rating of "Hold" and an average price target of $51.45.

eBay Price Performance

Shares of EBAY traded down $1.22 on Friday, reaching $51.48. The stock had a trading volume of 4,607,241 shares, compared to its average volume of 5,305,551. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $53.03. The firm has a market capitalization of $26.05 billion, a PE ratio of 10.26, a PEG ratio of 2.43 and a beta of 1.31. The firm has a 50-day moving average of $51.39 and a 200 day moving average of $45.63. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. eBay's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Sell-side analysts expect that eBay Inc. will post 3.72 EPS for the current year.

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

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, May 31st. eBay's dividend payout ratio (DPR) is presently 21.51%.

eBay Company 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.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.