World Investment Advisors decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 56.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 17,169 shares of the e-commerce company’s stock after selling 21,833 shares during the period. World Investment Advisors’ holdings in eBay were worth $1,563,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. High Point Wealth Management LLC acquired a new position in eBay in the fourth quarter valued at about $26,000. Abound Financial LLC bought a new stake in shares of eBay in the 4th quarter valued at about $26,000. Jessup Wealth Management Inc bought a new stake in shares of eBay in the 4th quarter valued at about $27,000. Beacon Financial Strategies CORP acquired a new stake in shares of eBay in the 4th quarter valued at approximately $28,000. Finally, JFS Wealth Advisors LLC raised its position in shares of eBay by 57.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 116 shares during the period. 87.48% of the stock is currently owned by institutional investors.
eBay Trading Up 0.9%
Shares of NASDAQ:EBAY opened at $114.71 on Wednesday. eBay Inc. has a 52-week low of $75.12 and a 52-week high of $119.31. The company has a market capitalization of $50.93 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 2.51 and a beta of 1.37. The company has a 50-day simple moving average of $110.04 and a 200 day simple moving average of $97.78. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22.
eBay Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. eBay’s dividend payout ratio (DPR) is currently 28.12%.
Insider Activity
In other news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $109.17, for a total transaction of $94,213.71. Following the sale, the senior vice president directly owned 34,533 shares of the company’s stock, valued at approximately $3,769,967.61. This represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares in the company, valued at $3,485,775.24. The trade was a 5.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 77,015 shares of company stock worth $8,704,416. Corporate insiders own 0.67% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on EBAY. Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a report on Friday, June 12th. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 price objective (up from $105.00) on shares of eBay in a research note on Thursday, April 30th. Citizens Jmp lifted their target price on eBay from $115.00 to $120.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Sanford C. Bernstein boosted their target price on eBay from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, May 20th. Finally, BNP Paribas Exane increased their price target on eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $108.61.
View Our Latest Stock Analysis on eBay
eBay 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.
Featured Articles
- Five stocks we like better than eBay
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.
