Sequoia Financial Advisors LLC Purchases 4,280 Shares of eBay Inc. (NASDAQ:EBAY)

Sequoia Financial Advisors LLC grew its position in eBay Inc. (NASDAQ:EBAY) by 35.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,401 shares of the e-commerce company’s stock after purchasing an additional 4,280 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in eBay were worth $715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Trust N.A. lifted its stake in eBay by 3.3% in the second quarter. Raymond James Trust N.A. now owns 8,316 shares of the e-commerce company’s stock worth $371,000 after acquiring an additional 268 shares during the period. Quent Capital LLC boosted its stake in shares of eBay by 10.5% during the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock valued at $130,000 after purchasing an additional 282 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of eBay by 5.8% during the third quarter. Summit Trail Advisors LLC now owns 5,560 shares of the e-commerce company’s stock valued at $245,000 after purchasing an additional 307 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in eBay by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 21,640 shares of the e-commerce company’s stock valued at $960,000 after buying an additional 350 shares during the period. Finally, Brinker Capital Investments LLC raised its stake in eBay by 1.6% in the first quarter. Brinker Capital Investments LLC now owns 23,410 shares of the e-commerce company’s stock worth $1,340,000 after buying an additional 361 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EBAY. Mizuho increased their target price on eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Truist Financial lifted their target price on eBay from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Susquehanna increased their price target on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Barclays boosted their price objective on shares of eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $49.21.

eBay Stock Performance

Shares of EBAY opened at $50.89 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a 50-day moving average of $48.62 and a two-hundred day moving average of $44.08. The stock has a market cap of $26.36 billion, a P/E ratio of 9.75, a P/E/G ratio of 2.07 and a beta of 1.33. eBay Inc. has a one year low of $37.17 and a one year high of $52.93.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts predict that eBay Inc. will post 3.69 EPS for the current year.

eBay declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.27 dividend. This is an increase from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, March 8th. eBay’s dividend payout ratio is 20.69%.

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.