eBay Inc. (NASDAQ:EBAY) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,635,686 shares of the e-commerce company's stock after buying an additional 186,656 shares during the quarter. Nuveen Asset Management LLC owned about 0.55% of eBay worth $163,281,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of eBay in the 4th quarter worth $27,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay during the 4th quarter valued at $33,000. Transce3nd LLC bought a new position in shares of eBay during the 4th quarter valued at $36,000. New Wave Wealth Advisors LLC bought a new position in shares of eBay during the 4th quarter valued at $36,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of eBay during the 4th quarter valued at $40,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EBAY. Truist Financial increased their price target on shares of eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Daiwa Capital Markets raised shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Monday, May 12th. Wells Fargo & Company increased their price target on shares of eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of eBay from $54.00 to $60.00 and gave the stock a "neutral" 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $67.42.

eBay Price Performance

Shares of NASDAQ EBAY traded up $0.59 during midday trading on Monday, hitting $72.43. The company had a trading volume of 4,095,773 shares, compared to its average volume of 4,985,228. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $51.02 and a twelve month high of $72.52. The business has a 50-day simple moving average of $66.49 and a two-hundred day simple moving average of $65.50. The firm has a market capitalization of $33.39 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 19.68% and a return on equity of 30.97%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. Equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

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

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 10,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 570,754 shares of the company's stock, valued at approximately $39,855,751.82. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president now owns 123,282 shares of the company's stock, valued at $8,559,469.26. This represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,755 shares of company stock valued at $12,943,715. Corporate insiders own 0.64% of the company's stock.

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.