Desjardins Global Asset Management Inc. Buys 295 Shares of eBay Inc. (NASDAQ:EBAY)

Desjardins Global Asset Management Inc. increased its stake in eBay Inc. (NASDAQ:EBAY) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 27,233 shares of the e-commerce company’s stock after acquiring an additional 295 shares during the period. Desjardins Global Asset Management Inc.’s holdings in eBay were worth $1,188,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EBAY. American Century Companies Inc. increased its position in shares of eBay by 9.5% in the first quarter. American Century Companies Inc. now owns 41,990 shares of the e-commerce company’s stock worth $2,404,000 after purchasing an additional 3,655 shares during the period. Raymond James Trust N.A. increased its position in shares of eBay by 21.7% in the first quarter. Raymond James Trust N.A. now owns 9,176 shares of the e-commerce company’s stock worth $526,000 after purchasing an additional 1,638 shares during the period. Sei Investments Co. increased its position in shares of eBay by 34.7% in the first quarter. Sei Investments Co. now owns 461,862 shares of the e-commerce company’s stock worth $26,460,000 after purchasing an additional 118,952 shares during the period. Aviva PLC increased its position in shares of eBay by 6.2% in the first quarter. Aviva PLC now owns 223,976 shares of the e-commerce company’s stock worth $12,825,000 after purchasing an additional 13,127 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of eBay by 17.0% in the first quarter. Sequoia Financial Advisors LLC now owns 10,715 shares of the e-commerce company’s stock worth $614,000 after purchasing an additional 1,555 shares during the period. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EBAY shares. The Goldman Sachs Group started coverage on eBay in a research note on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price objective on the stock. Wells Fargo & Company raised their price objective on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. UBS Group raised their price objective on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Truist Financial raised their price objective on eBay from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Finally, Susquehanna raised their price objective on eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $49.21.

eBay Price Performance

eBay stock opened at $50.25 on Wednesday. The stock’s 50 day moving average is $48.77 and its 200 day moving average is $44.12. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44. The firm has a market cap of $26.03 billion, a P/E ratio of 9.63, a P/E/G ratio of 2.05 and a beta of 1.33. eBay Inc. has a one year low of $37.17 and a one year high of $52.93.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.51 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. As a group, research analysts expect that eBay Inc. will post 3.69 EPS for the current year.

eBay Increases Dividend

The business 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. This is a positive change from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, March 8th. eBay’s payout ratio is currently 20.69%.

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

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

About eBay

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.