eBay Inc. (NASDAQ:EBAY) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. reduced its stake in eBay Inc. (NASDAQ:EBAY) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,062 shares of the e-commerce company’s stock after selling 599 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in eBay were worth $570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in eBay by 3.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,186 shares of the e-commerce company’s stock worth $2,125,000 after purchasing an additional 1,658 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of eBay by 3.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 147,661 shares of the e-commerce company’s stock valued at $6,510,000 after buying an additional 5,149 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in eBay by 109.7% in the third quarter. Stratos Wealth Partners LTD. now owns 10,263 shares of the e-commerce company’s stock valued at $453,000 after acquiring an additional 5,370 shares during the last quarter. Bank of New York Mellon Corp grew its position in eBay by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 4,762,716 shares of the e-commerce company’s stock worth $209,988,000 after acquiring an additional 113,771 shares during the period. Finally, Forsta AP Fonden increased its stake in eBay by 9.7% during the third quarter. Forsta AP Fonden now owns 118,500 shares of the e-commerce company’s stock worth $5,225,000 after acquiring an additional 10,500 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction that occurred 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 sale, the senior vice president now directly owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

eBay Stock Performance

NASDAQ EBAY opened at $49.65 on Monday. The company has a current ratio of 1.99, a quick ratio of 2.44 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $50.81 and its two-hundred day moving average is $44.86. The stock has a market capitalization of $25.14 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.98 and a beta of 1.31. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $52.93.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. eBay’s quarterly revenue was up 1.8% on a year-over-year basis. Research analysts expect that eBay Inc. will post 3.75 EPS for the current year.

eBay declared that its board has initiated a stock repurchase program on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio is currently 21.51%.

Analysts Set New Price Targets

EBAY has been the topic of several recent analyst reports. Barclays upped their price target on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday. Susquehanna increased their target price on shares of eBay from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets upped their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Finally, Piper Sandler lifted their target price on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $51.35.

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.