eBay Inc. (NASDAQ:EBAY) Position Boosted by abrdn plc

abrdn plc raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 67.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,424 shares of the e-commerce company’s stock after acquiring an additional 91,006 shares during the quarter. abrdn plc’s holdings in eBay were worth $9,833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EBAY. Quent Capital LLC grew its stake in shares of eBay by 10.5% in the 4th quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock valued at $130,000 after buying an additional 282 shares in the last quarter. Desjardins Global Asset Management Inc. grew its stake in shares of eBay by 1.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 27,233 shares of the e-commerce company’s stock valued at $1,188,000 after buying an additional 295 shares in the last quarter. Summit Trail Advisors LLC grew its stake in shares of eBay by 5.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 5,560 shares of the e-commerce company’s stock valued at $245,000 after buying an additional 307 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of eBay by 2.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,121 shares of the e-commerce company’s stock valued at $534,000 after buying an additional 341 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in eBay by 5.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 7,137 shares of the e-commerce company’s stock worth $311,000 after purchasing an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $52.02 on Friday. The business has a fifty day simple moving average of $50.11 and a 200 day simple moving average of $44.54. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $26.95 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 2.04 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 issued its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the company posted $0.87 earnings per share. eBay’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts expect that eBay Inc. will post 3.75 EPS for the current year.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.08%. This is a boost from eBay’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. eBay’s dividend payout ratio is 20.69%.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley upgraded eBay from an “underweight” rating to an “overweight” rating in a report on Thursday, April 18th. Barclays boosted their target price on eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Wells Fargo & Company boosted their target price on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Truist Financial boosted their target price on eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.21.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

eBay 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.