Kepler Cheuvreux Suisse SA bought a new stake in eBay Inc. (NASDAQ:EBAY – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 194,401 shares of the e-commerce company’s stock, valued at approximately $17,680,000.
Several other institutional investors and hedge funds have also modified their holdings of EBAY. Financial Consulate Inc. acquired a new stake in eBay during the 3rd quarter valued at $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of eBay during the third quarter worth $28,000. Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after purchasing an additional 250 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of eBay in the third quarter valued at $32,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of eBay in the third quarter valued at $40,000. 87.48% of the stock is owned by institutional investors and hedge funds.
eBay Stock Down 2.2%
NASDAQ:EBAY opened at $90.86 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The stock’s fifty day simple moving average is $89.51 and its 200-day simple moving average is $88.54. The firm has a market capitalization of $40.71 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.94 and a beta of 1.38.
eBay Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a $0.31 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from eBay’s previous quarterly dividend of $0.29. eBay’s dividend payout ratio is 28.51%.
Analyst Upgrades and Downgrades
EBAY has been the topic of several research reports. Arete Research upped their price target on shares of eBay from $91.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Evercore raised their price objective on shares of eBay from $93.00 to $94.00 in a research report on Thursday, February 19th. Jefferies Financial Group reduced their target price on shares of eBay from $65.00 to $60.00 and set an “underperform” rating on the stock in a research report on Monday, February 23rd. Truist Financial set a $94.00 price target on shares of eBay and gave the company a “hold” rating in a research note on Thursday, February 19th. Finally, Stifel Nicolaus raised their price target on shares of eBay from $88.00 to $94.00 and gave the company a “hold” rating in a report on Thursday, February 19th. Fourteen equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $97.97.
Get Our Latest Research Report on EBAY
Insider Activity
In related news, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total transaction of $238,746.24. Following the transaction, the senior vice president owned 55,990 shares of the company’s stock, valued at $4,615,815.60. This trade represents a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mazen Rawashdeh sold 1,920 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total transaction of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares of the company’s stock, valued at approximately $470,597.40. This represents a 25.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 44,593 shares of company stock valued at $3,998,870. Insiders own 0.64% of the company’s stock.
eBay Company Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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