Wealthsource Partners LLC Lowers Holdings in eBay Inc. (NASDAQ:EBAY)

Wealthsource Partners LLC decreased its stake in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,854 shares of the e-commerce company’s stock after selling 932 shares during the quarter. Wealthsource Partners LLC’s holdings in eBay were worth $343,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EBAY. Cedar Brook Financial Partners LLC bought a new stake in shares of eBay in the 4th quarter worth $237,000. Empirical Asset Management LLC grew its holdings in shares of eBay by 55.0% in the fourth quarter. Empirical Asset Management LLC now owns 16,253 shares of the e-commerce company’s stock worth $709,000 after acquiring an additional 5,769 shares during the period. Hudson Capital Management LLC grew its holdings in shares of eBay by 6.2% in the fourth quarter. Hudson Capital Management LLC now owns 79,309 shares of the e-commerce company’s stock worth $3,459,000 after acquiring an additional 4,604 shares during the period. Capital Asset Advisory Services LLC purchased a new position in eBay during the fourth quarter valued at $217,000. Finally, Diversified Trust Co lifted its position in eBay by 284.4% during the fourth quarter. Diversified Trust Co now owns 66,097 shares of the e-commerce company’s stock valued at $2,883,000 after purchasing an additional 48,902 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Trading Down 0.4 %

EBAY opened at $51.23 on Tuesday. The stock has a market cap of $26.54 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 2.10 and a beta of 1.31. The stock’s 50 day moving average price is $45.31 and its 200-day moving average price is $43.16. eBay Inc. has a one year low of $37.17 and a one year high of $52.82. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44.

eBay (NASDAQ:EBAYGet Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. eBay’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that eBay Inc. will post 3.64 EPS for the current year.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 annualized dividend and a yield of 2.11%. This is a boost from eBay’s previous quarterly dividend of $0.25. eBay’s dividend payout ratio is 20.69%.

eBay announced that its board has authorized a share repurchase program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Susquehanna lifted their target price on eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Wells Fargo & Company lowered their price objective on eBay from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Truist Financial boosted their target price on eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Mizuho boosted their target price on eBay from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Barclays boosted their target price on eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $48.84.

Get Our Latest Stock Analysis on EBAY

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

About eBay

(Free Report)

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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