Mutual of America Capital Management LLC Sells 4,996 Shares of eBay Inc. (NASDAQ:EBAY)

Mutual of America Capital Management LLC trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 69,566 shares of the e-commerce company’s stock after selling 4,996 shares during the quarter. Mutual of America Capital Management LLC’s holdings in eBay were worth $3,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. CVA Family Office LLC bought a new position in shares of eBay during the fourth quarter worth $25,000. SkyView Investment Advisors LLC bought a new position in shares of eBay during the first quarter worth $27,000. Almanack Investment Partners LLC. bought a new position in shares of eBay during the third quarter worth $28,000. Stonebridge Capital Advisors LLC bought a new position in shares of eBay during the fourth quarter worth $29,000. Finally, Gyon Technologies Capital Management LP bought a new position in shares of eBay during the fourth quarter worth $32,000. 87.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Piper Sandler raised their price objective on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Wells Fargo & Company raised their price objective on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. The Goldman Sachs Group assumed coverage on shares of eBay in a report on Wednesday, January 10th. They set a “sell” rating and a $38.00 price objective on the stock. Finally, Mizuho raised their price objective on shares of eBay from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.21.

eBay Stock Performance

Shares of EBAY stock opened at $49.95 on Friday. The company has a market capitalization of $25.87 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 2.03 and a beta of 1.33. 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 company has a 50-day simple moving average of $49.07 and a 200 day simple moving average of $44.20. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $52.93.

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

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a dividend of $0.27 per share. This is an increase from eBay’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.16%. eBay’s payout ratio is presently 20.69%.

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

Insider Buying and Selling

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

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.