Ensign Peak Advisors Inc grew its position in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 420,379 shares of the e-commerce company's stock after buying an additional 50,975 shares during the quarter. Ensign Peak Advisors Inc's holdings in eBay were worth $17,517,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of EBAY. D.A. Davidson & CO. lifted its holdings in eBay by 18.3% in the first quarter. D.A. Davidson & CO. now owns 33,078 shares of the e-commerce company's stock valued at $1,894,000 after buying an additional 5,119 shares during the period. OLD National Bancorp IN raised its holdings in eBay by 18.7% in the second quarter. OLD National Bancorp IN now owns 6,915 shares of the e-commerce company's stock worth $288,000 after purchasing an additional 1,091 shares during the period. GSA Capital Partners LLP acquired a new stake in eBay in the first quarter worth $381,000. Private Advisor Group LLC raised its holdings in eBay by 23.4% in the first quarter. Private Advisor Group LLC now owns 81,883 shares of the e-commerce company's stock worth $4,689,000 after purchasing an additional 15,521 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of eBay by 14.0% during the second quarter. Janney Montgomery Scott LLC now owns 39,922 shares of the e-commerce company's stock worth $1,703,000 after acquiring an additional 4,909 shares during the period. 87.00% of the stock is owned by institutional investors.
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eBay Stock Down 1.3 %
EBAY opened at $43.77 on Wednesday. eBay Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $72.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.33 and a quick ratio of 1.33. The company's 50 day moving average price is $40.46 and its two-hundred day moving average price is $43.56.
eBay (NASDAQ:EBAY – Get Rating) last posted its earnings results on Wednesday, November 2nd. The e-commerce company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.09. eBay had a net
margin of 0.28% and a return on equity of 29.43%. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.31 billion. As a group, sell-side analysts anticipate that eBay Inc. will post 3.35 earnings per share for the current year.
eBay Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, December 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, November 30th. eBay's dividend payout ratio is currently -800.00%.
Insider Activity
In other news, Director Robert Holmes Swan sold 25,000 shares of the company's stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the sale, the director now directly owns 155,248 shares of the company's stock, valued at approximately $6,209,920. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robert Holmes Swan sold 25,000 shares of the company's stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the sale, the director now directly owns 155,248 shares of the company's stock, valued at approximately $6,209,920. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Brian J. Doerger sold 9,542 shares of the company's stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $44.12, for a total transaction of $420,993.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,853 shares of company stock valued at $1,601,581. 0.17% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on EBAY shares. Jefferies Financial Group decreased their target price on shares of eBay from $52.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, October 6th. Truist Financial decreased their price objective on shares of eBay from $60.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, October 24th. Morgan Stanley lifted their price objective on shares of eBay from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, November 3rd. Mizuho decreased their price objective on shares of eBay from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, August 4th. Finally, Robert W. Baird reduced their target price on shares of eBay from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus price target of $51.12.
About eBay
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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, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.
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