Bokf Na decreased its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 63.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,942 shares of the e-commerce company’s stock after selling 8,429 shares during the quarter. Bokf Na’s holdings in eBay were worth $219,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Almanack Investment Partners LLC. acquired a new position in shares of eBay in the 3rd quarter valued at $28,000. Stonebridge Capital Advisors LLC acquired a new position in shares of eBay in the 4th quarter valued at $29,000. Massmutual Trust Co. FSB ADV raised its stake in shares of eBay by 50.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 691 shares of the e-commerce company’s stock valued at $31,000 after buying an additional 233 shares in the last quarter. Gyon Technologies Capital Management LP acquired a new position in shares of eBay in the 4th quarter valued at $32,000. Finally, Global Retirement Partners LLC raised its stake in shares of eBay by 82.4% in the 1st quarter. Global Retirement Partners LLC now owns 1,149 shares of the e-commerce company’s stock valued at $51,000 after buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on EBAY. Barclays dropped their target price on shares of eBay from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 27th. Piper Sandler increased their target price on shares of eBay from $53.00 to $55.00 in a research report on Thursday, July 27th. Jefferies Financial Group increased their target price on shares of eBay from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Credit Suisse Group increased their target price on shares of eBay from $56.00 to $57.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Finally, Bank of America dropped their target price on shares of eBay from $54.00 to $52.00 in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus price target of $49.29.
eBay Stock Up 0.7 %
Shares of NASDAQ EBAY opened at $45.10 on Friday. The firm has a market capitalization of $24.00 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.36. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.47. eBay Inc. has a 1 year low of $35.92 and a 1 year high of $52.23. The firm’s 50-day moving average is $44.94 and its 200-day moving average is $44.59.
eBay (NASDAQ:EBAY – Get Free Report) last issued its earnings results on Wednesday, July 26th. The e-commerce company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.51 billion. eBay had a net margin of 13.49% and a return on equity of 34.71%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. Equities analysts expect that eBay Inc. will post 3.27 EPS for the current year.
eBay Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.25 dividend. The ex-dividend date is Thursday, August 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. eBay’s dividend payout ratio is 40.49%.
Insider Activity at eBay
In related news, SVP Edward O. Garcia sold 5,679 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $43.36, for a total value of $246,241.44. Following the sale, the senior vice president now directly owns 17,988 shares in the company, valued at approximately $779,959.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other eBay news, CAO Rebecca Spencer sold 2,193 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $45.85, for a total transaction of $100,549.05. Following the sale, the chief accounting officer now directly owns 924 shares in the company, valued at approximately $42,365.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Edward O. Garcia sold 5,679 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $43.36, for a total transaction of $246,241.44. Following the sale, the senior vice president now owns 17,988 shares in the company, valued at $779,959.68. The disclosure for this sale can be found here. Insiders have sold 9,053 shares of company stock worth $397,940 in the last ninety days. Company insiders own 0.21% of the company’s stock.
eBay Company Profile
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, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.
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