AXS Investments LLC acquired a new position in eBay Inc. (NASDAQ:EBAY – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,439 shares of the e-commerce company’s stock, valued at approximately $495,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in EBAY. Robeco Institutional Asset Management B.V. increased its stake in shares of eBay by 4.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock valued at $255,294,000 after purchasing an additional 113,553 shares in the last quarter. Allworth Financial LP boosted its position in shares of eBay by 62.6% in the 4th quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after purchasing an additional 8,899 shares in the last quarter. North Dakota State Investment Board bought a new stake in shares of eBay in the 4th quarter worth approximately $1,809,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of eBay in the 4th quarter worth approximately $9,368,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of eBay in the 4th quarter worth approximately $1,209,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
eBay Price Performance
Shares of NASDAQ EBAY opened at $110.91 on Friday. The firm has a market cap of $49.24 billion, a P/E ratio of 25.15, a PEG ratio of 2.49 and a beta of 1.37. eBay Inc. has a twelve month low of $75.78 and a twelve month high of $119.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average of $111.51 and a 200 day moving average of $99.26.
eBay Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a yield of 1.1%. eBay’s payout ratio is 28.12%.
Insider Buying and Selling at eBay
In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of eBay stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.61, for a total value of $116,766.10. Following the completion of the sale, the senior vice president directly owned 32,146 shares in the company, valued at $3,716,399.06. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $113.33, for a total transaction of $1,259,096.30. Following the transaction, the chief executive officer directly owned 275,431 shares of the company’s stock, valued at $31,214,595.23. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 76,012 shares of company stock worth $8,747,852. Company insiders own 0.67% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on EBAY. Cantor Fitzgerald raised their price objective on eBay from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Bank of America boosted their target price on eBay from $102.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. UBS Group increased their target price on eBay from $96.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Sanford C. Bernstein raised their price target on eBay from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Wednesday, May 20th. Finally, TD Cowen lifted their price target on eBay from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.52.
Check Out Our Latest Stock Analysis on eBay
Key Headlines Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: UK regulators cleared eBay’s planned $1.2 billion acquisition of Depop, removing a key hurdle and making the deal more likely to close. UK watchdog clears eBay’s planned acquisition of Depop from Etsy
- Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $135 price target, signaling confidence in upside from current levels.
- Positive Sentiment: Jefferies issued a positive forecast for eBay’s stock, adding to the bullish analyst tone. Jefferies Financial Group Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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