Sumitomo Mitsui DS Asset Management Company Ltd Reduces Stock Position in eBay Inc. (NASDAQ:EBAY)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in eBay Inc. (NASDAQ:EBAYGet Rating) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,626 shares of the e-commerce company’s stock after selling 505 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in eBay were worth $1,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of eBay in the 4th quarter worth approximately $29,000. Iron Horse Wealth Management LLC lifted its stake in shares of eBay by 84.6% in the 1st quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 275 shares during the period. Ellevest Inc. lifted its stake in shares of eBay by 66.6% in the 1st quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock worth $35,000 after purchasing an additional 241 shares during the period. Hanson & Doremus Investment Management lifted its stake in shares of eBay by 62.8% in the 1st quarter. Hanson & Doremus Investment Management now owns 638 shares of the e-commerce company’s stock worth $37,000 after purchasing an additional 246 shares during the period. Finally, Oakworth Capital Inc. bought a new position in shares of eBay in the 1st quarter worth approximately $48,000. Institutional investors own 87.00% of the company’s stock.

eBay Trading Down 1.6 %

Shares of EBAY stock opened at $38.30 on Friday. The business’s 50 day moving average is $45.61 and its two-hundred day moving average is $48.15. eBay Inc. has a twelve month low of $38.01 and a twelve month high of $81.19. The company has a market capitalization of $21.04 billion, a P/E ratio of 91.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25.

eBay (NASDAQ:EBAYGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The e-commerce company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. eBay had a return on equity of 24.42% and a net margin of 3.60%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the business earned $0.82 earnings per share. Equities analysts forecast that eBay Inc. will post 3.27 EPS for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.30%. eBay’s dividend payout ratio (DPR) is presently 209.53%.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their target price on shares of eBay from $62.00 to $60.00 in a research note on Friday, July 15th. JMP Securities initiated coverage on shares of eBay in a research note on Wednesday, June 1st. They set a “market perform” rating on the stock. Piper Sandler reduced their price objective on shares of eBay from $63.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. Barclays reduced their price objective on shares of eBay from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of eBay from $60.00 to $50.00 in a research report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.43.

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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