eBay Inc. (NASDAQ:EBAY) Shares Acquired by Toroso Investments LLC

Toroso Investments LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 8.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,711 shares of the e-commerce company’s stock after purchasing an additional 2,777 shares during the quarter. Toroso Investments LLC’s holdings in eBay were worth $1,315,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EBAY. Vanguard Group Inc. lifted its position in shares of eBay by 15.4% during the third quarter. Vanguard Group Inc. now owns 61,437,188 shares of the e-commerce company’s stock worth $2,261,502,000 after purchasing an additional 8,199,123 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of eBay by 2,918,646.9% during the third quarter. Lazard Asset Management LLC now owns 2,860,372 shares of the e-commerce company’s stock worth $105,290,000 after purchasing an additional 2,860,274 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of eBay by 33.4% during the second quarter. Franklin Resources Inc. now owns 6,350,663 shares of the e-commerce company’s stock worth $264,634,000 after purchasing an additional 1,590,642 shares in the last quarter. BlackRock Inc. lifted its position in shares of eBay by 2.6% during the third quarter. BlackRock Inc. now owns 45,380,637 shares of the e-commerce company’s stock worth $1,670,462,000 after purchasing an additional 1,158,503 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of eBay by 142.5% during the second quarter. Renaissance Technologies LLC now owns 1,933,140 shares of the e-commerce company’s stock worth $80,554,000 after purchasing an additional 1,135,850 shares in the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $42.06 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.50. The firm has a market cap of $22.58 billion, a PE ratio of -19.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.37. The company’s 50 day simple moving average is $46.60 and its 200-day simple moving average is $43.32. eBay Inc. has a 12-month low of $35.92 and a 12-month high of $60.38.

eBay (NASDAQ:EBAY – Get Rating) last announced its earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.46 billion. eBay had a negative net margin of 12.96% and a positive return on equity of 34.14%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. As a group, equities analysts predict that eBay Inc. will post 3.36 EPS for the current year.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from eBay’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 2.38%. eBay’s dividend payout ratio (DPR) is currently -46.95%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup assumed coverage on shares of eBay in a research note on Tuesday, December 13th. They set a “neutral” rating and a $47.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of eBay from $55.00 to $50.00 in a research note on Thursday, February 23rd. Piper Sandler upped their target price on shares of eBay from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, February 23rd. Morgan Stanley upped their target price on shares of eBay from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 28th. Finally, Benchmark cut their target price on shares of eBay from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.92.

eBay Profile

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eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.