Connectus Wealth LLC Trims Stake in eBay Inc. (NASDAQ:EBAY)

Connectus Wealth LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 0.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 39,941 shares of the e-commerce company’s stock after selling 362 shares during the quarter. Connectus Wealth LLC’s holdings in eBay were worth $1,745,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EBAY. GHE LLC lifted its holdings in eBay by 1.5% during the 4th quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock valued at $762,000 after buying an additional 260 shares in the last quarter. Savant Capital LLC raised its stake in shares of eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after acquiring an additional 262 shares in the last quarter. Affinity Investment Advisors LLC boosted its holdings in shares of eBay by 3.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock valued at $414,000 after purchasing an additional 275 shares during the period. Quent Capital LLC grew its stake in eBay by 10.5% in the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock worth $130,000 after purchasing an additional 282 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in eBay by 0.6% during the 4th quarter. M&T Bank Corp now owns 48,235 shares of the e-commerce company’s stock worth $2,105,000 after purchasing an additional 284 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial upped their target price on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, May 6th. BMO Capital Markets upped their target price on eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Wells Fargo & Company upped their target price on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. StockNews.com upgraded eBay from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Susquehanna upped their target price on eBay from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.62.

View Our Latest Research Report on eBay

Insider Activity

In other news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Up 0.1 %

eBay stock opened at $53.15 on Tuesday. The stock has a 50-day moving average of $51.80 and a two-hundred day moving average of $47.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay Inc. has a one year low of $37.17 and a one year high of $55.15. The stock has a market cap of $26.68 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.32.

eBay (NASDAQ:EBAYGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. On average, research analysts anticipate that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 31st. eBay’s dividend payout ratio is presently 21.51%.

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

eBay Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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