Team Hewins LLC Acquires Shares of 6,064 eBay Inc. (NASDAQ:EBAY)

Team Hewins LLC bought a new position in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 6,064 shares of the e-commerce company’s stock, valued at approximately $265,000.

Several other large investors have also recently modified their holdings of EBAY. MGO One Seven LLC lifted its holdings in eBay by 16.8% during the 3rd quarter. MGO One Seven LLC now owns 7,942 shares of the e-commerce company’s stock valued at $350,000 after buying an additional 1,142 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of eBay by 6.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 230,955 shares of the e-commerce company’s stock valued at $10,183,000 after acquiring an additional 13,270 shares in the last quarter. Signaturefd LLC raised its stake in shares of eBay by 10.3% during the third quarter. Signaturefd LLC now owns 7,769 shares of the e-commerce company’s stock valued at $343,000 after acquiring an additional 725 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of eBay in the third quarter valued at approximately $55,000. Finally, Ieq Capital LLC grew its stake in eBay by 2.5% in the third quarter. Ieq Capital LLC now owns 30,235 shares of the e-commerce company’s stock worth $1,333,000 after purchasing an additional 749 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of a number of research analyst reports. TD Cowen lifted their target price on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Wells Fargo & Company upped their price objective on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Truist Financial increased their target price on shares of eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, May 6th. BMO Capital Markets boosted their price target on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Finally, Benchmark reaffirmed a “buy” rating and issued a $58.00 price target on shares of eBay in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.45.

eBay Stock Up 3.0 %

NASDAQ EBAY traded up $1.60 during trading on Friday, hitting $54.41. The company’s stock had a trading volume of 7,773,908 shares, compared to its average volume of 5,228,400. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $54.59. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market cap of $27.53 billion, a PE ratio of 10.84, a P/E/G ratio of 2.51 and a beta of 1.31. The business’s 50 day simple moving average is $51.47 and its 200-day simple moving average is $46.08.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. On average, equities analysts anticipate that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, May 31st. eBay’s payout ratio is 21.51%.

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

Insider Buying and Selling

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.

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.