National Pension Service grew its holdings in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,335,031 shares of the e-commerce company’s stock after purchasing an additional 43,754 shares during the quarter. National Pension Service owned about 0.25% of eBay worth $50,317,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of EBAY. Lingohr & Partner Asset Management GmbH raised its holdings in eBay by 2.8% in the 3rd quarter. Lingohr & Partner Asset Management GmbH now owns 8,708 shares of the e-commerce company’s stock worth $347,000 after acquiring an additional 237 shares during the period. Quent Capital LLC raised its holdings in eBay by 8.5% in the 3rd quarter. Quent Capital LLC now owns 3,215 shares of the e-commerce company’s stock worth $118,000 after acquiring an additional 253 shares during the period. Harbor Investment Advisory LLC raised its holdings in eBay by 14.9% in the 3rd quarter. Harbor Investment Advisory LLC now owns 2,142 shares of the e-commerce company’s stock worth $79,000 after acquiring an additional 278 shares during the period. Ballentine Partners LLC raised its holdings in eBay by 3.4% in the 3rd quarter. Ballentine Partners LLC now owns 8,874 shares of the e-commerce company’s stock worth $326,000 after acquiring an additional 293 shares during the period. Finally, Clifford Capital Partners LLC raised its holdings in eBay by 0.3% in the 3rd quarter. Clifford Capital Partners LLC now owns 104,052 shares of the e-commerce company’s stock worth $3,830,000 after acquiring an additional 294 shares during the period. Institutional investors own 85.51% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Bank of America lifted their target price on shares of eBay from $44.00 to $52.00 in a report on Tuesday, February 21st. Piper Sandler boosted their price objective on shares of eBay from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. Morgan Stanley boosted their price objective on shares of eBay from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Tuesday, February 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of eBay from $55.00 to $50.00 in a report on Thursday, February 23rd. Finally, Susquehanna boosted their price objective on shares of eBay from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.92.
eBay Price Performance
eBay (NASDAQ:EBAY – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. eBay had a negative net margin of 12.96% and a positive return on equity of 34.14%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts anticipate that eBay Inc. will post 3.36 EPS for the current fiscal year.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from eBay’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. eBay’s payout ratio is currently -46.95%.
eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.
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