Swiss National Bank Sells 54,500 Shares of eBay Inc. (NASDAQ:EBAY)

Swiss National Bank reduced its position in eBay Inc. (NASDAQ:EBAY) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,666,200 shares of the e-commerce company’s stock after selling 54,500 shares during the quarter. Swiss National Bank’s holdings in eBay were worth $72,680,000 at the end of the most recent quarter.

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

eBay Price Performance

eBay stock opened at $49.65 on Monday. The business’s 50-day simple moving average is $50.81 and its 200 day simple moving average is $44.86. The company has a quick ratio of 2.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 9.89, a P/E/G 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 issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. As a group, research analysts anticipate that eBay Inc. will post 3.75 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s payout ratio is 21.51%.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EBAY. Truist Financial upped their price target on eBay from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. UBS Group increased their target price on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. BMO Capital Markets raised 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. Robert W. Baird boosted their target price on eBay from $50.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $51.35.

Insider Buying and Selling at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on Tuesday, February 20th. The stock was 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 of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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.