Buttonwood Financial Advisors Inc. lessened its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,374 shares of the e-commerce company’s stock after selling 280 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in eBay were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in eBay by 182.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,017,024 shares of the e-commerce company’s stock worth $249,526,000 after acquiring an additional 3,889,380 shares during the period. Boston Partners bought a new stake in shares of eBay in the first quarter valued at approximately $124,114,000. Pacer Advisors Inc. grew its position in eBay by 11,074.0% during the first quarter. Pacer Advisors Inc. now owns 2,567,680 shares of the e-commerce company’s stock worth $113,928,000 after buying an additional 2,544,701 shares in the last quarter. BlackRock Inc. increased its stake in eBay by 5.4% during the 1st quarter. BlackRock Inc. now owns 48,038,931 shares of the e-commerce company’s stock worth $2,131,487,000 after acquiring an additional 2,464,766 shares during the period. Finally, Truist Financial Corp raised its holdings in eBay by 153.5% in the 1st quarter. Truist Financial Corp now owns 3,512,934 shares of the e-commerce company’s stock valued at $155,869,000 after acquiring an additional 2,127,393 shares in the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on EBAY. Piper Sandler upped their price objective on shares of eBay from $53.00 to $55.00 in a research report on Thursday, July 27th. Barclays lowered their target price on eBay from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 27th. TheStreet downgraded eBay from a “b-” rating to a “c” rating in a report on Wednesday, July 26th. Jefferies Financial Group upped their target price on eBay from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group boosted their target price on shares of eBay from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. One 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.29.
eBay Stock Up 0.5 %
Shares of NASDAQ EBAY traded up $0.20 during mid-day trading on Friday, reaching $44.56. 7,598,201 shares of the company’s stock traded hands, compared to its average volume of 4,929,044. The business has a 50-day simple moving average of $44.81 and a 200 day simple moving average of $44.38. eBay Inc. has a 1-year low of $35.92 and a 1-year high of $52.23. The stock has a market cap of $23.71 billion, a P/E ratio of 18.04, a PEG ratio of 1.48 and a beta of 1.35. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.45 and a quick ratio of 2.45.
eBay (NASDAQ:EBAY – Get Free Report) last announced its earnings results on Wednesday, July 26th. The e-commerce company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. eBay had a return on equity of 34.71% and a net margin of 13.49%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm posted $0.80 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, analysts expect that eBay Inc. will post 3.27 EPS for the current fiscal year.
eBay Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. eBay’s payout ratio is 40.49%.
Insiders Place Their Bets
In related news, SVP Edward O. Garcia sold 1,181 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $43.31, for a total transaction of $51,149.11. Following the sale, the senior vice president now owns 21,728 shares of the company’s stock, valued at approximately $941,039.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Edward O. Garcia sold 1,181 shares of eBay stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $43.31, for a total transaction of $51,149.11. Following the completion of the sale, the senior vice president now owns 21,728 shares of the company’s stock, valued at $941,039.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Edward O. Garcia sold 5,679 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $43.36, for a total value of $246,241.44. Following the completion of the transaction, the senior vice president now owns 17,988 shares in the company, valued at $779,959.68. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.
eBay Company Profile
eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.
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