Ellevest Inc. Purchases 183 Shares of eBay Inc. (NASDAQ:EBAY)

Ellevest Inc. grew its position in eBay Inc. (NASDAQ:EBAY) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,642 shares of the e-commerce company’s stock after buying an additional 183 shares during the quarter. Ellevest Inc.’s holdings in eBay were worth $659,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in shares of eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP increased its stake in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock valued at $692,517,000 after buying an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock worth $435,665,000 after buying an additional 245,624 shares in the last quarter. Northern Trust Corp boosted its stake in shares of eBay by 17.8% during the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company’s stock worth $421,834,000 after buying an additional 1,030,292 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock valued at $367,767,000 after acquiring an additional 82,904 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Down 1.5 %

Shares of eBay stock opened at $69.51 on Friday. The firm has a market capitalization of $32.04 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $66.25 and its 200 day moving average is $65.19. eBay Inc. has a 1 year low of $50.43 and a 1 year high of $71.61.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. eBay’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. Equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.67%. eBay’s dividend payout ratio is presently 27.62%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EBAY. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. UBS Group boosted their target price on shares of eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price objective 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, Susquehanna raised their target price on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $67.32.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 10,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 570,754 shares in the company, valued at approximately $39,855,751.82. This represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,685 shares of company stock valued at $4,121,245 in the last ninety days. 0.38% of the stock is currently owned by insiders.

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.