Geneos Wealth Management Inc. Sells 593 Shares of eBay Inc. (NASDAQ:EBAY)

Geneos Wealth Management Inc. lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,084 shares of the e-commerce company’s stock after selling 593 shares during the quarter. Geneos Wealth Management Inc.’s holdings in eBay were worth $178,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Impax Asset Management Group plc grew its position in shares of eBay by 3.8% during the 4th quarter. Impax Asset Management Group plc now owns 13,736 shares of the e-commerce company’s stock worth $599,000 after buying an additional 503 shares during the period. Sequoia Financial Advisors LLC grew its holdings in eBay by 35.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,401 shares of the e-commerce company’s stock worth $715,000 after purchasing an additional 4,280 shares during the period. Allspring Global Investments Holdings LLC increased its stake in eBay by 604.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock valued at $27,522,000 after purchasing an additional 541,384 shares in the last quarter. Fortem Financial Group LLC raised its holdings in shares of eBay by 5.4% during the fourth quarter. Fortem Financial Group LLC now owns 8,460 shares of the e-commerce company’s stock valued at $369,000 after purchasing an additional 431 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of eBay during the 4th quarter worth about $4,660,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of research reports. BMO Capital Markets upped their price target on eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Piper Sandler increased their target price on eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Mizuho boosted their price target on shares of eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Susquehanna raised their price objective on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, Truist Financial boosted their target price on shares of eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, eBay has an average rating of “Hold” and an average price target of $49.21.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the sale, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by company insiders.

eBay Stock Down 1.1 %

Shares of NASDAQ:EBAY opened at $51.31 on Monday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.93. The company has a market capitalization of $26.58 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The business has a fifty day moving average price of $48.43 and a two-hundred day moving average price of $44.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. Analysts forecast that eBay Inc. will post 3.69 earnings per share for the current year.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, March 8th. This is a boost from eBay’s previous quarterly dividend of $0.25. eBay’s payout ratio is 20.69%.

eBay announced that its Board of Directors has initiated a share buyback plan on Tuesday, February 27th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.