eBay Inc. (NASDAQ:EBAY) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in eBay Inc. (NASDAQ:EBAY) by 19.4% in the 4th quarter, HoldingsChannel reports. The firm owned 68,545 shares of the e-commerce company’s stock after purchasing an additional 11,121 shares during the period. Van ECK Associates Corp’s holdings in eBay were worth $2,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $1,767,000. Allspring Global Investments Holdings LLC raised its holdings in eBay by 604.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock valued at $27,522,000 after acquiring an additional 541,384 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in shares of eBay during the 3rd quarter worth $798,000. Sapient Capital LLC acquired a new stake in shares of eBay during the fourth quarter worth $955,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of eBay by 66.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 244,543 shares of the e-commerce company’s stock valued at $10,591,000 after purchasing an additional 97,906 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of research analyst reports. Piper Sandler raised their price target on eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group started coverage on shares of eBay in a research report on Wednesday, January 10th. They set a “sell” rating and a $38.00 price target for the company. BMO Capital Markets lifted their price target on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.45.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on 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 transaction, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

eBay Trading Down 0.5 %

NASDAQ EBAY opened at $49.38 on Tuesday. The company’s fifty day moving average price is $50.92 and its two-hundred day moving average price is $44.92. The company has a market capitalization of $24.99 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $52.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 earnings per share. As a group, research analysts predict that eBay Inc. will post 3.75 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.27 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.19%. eBay’s dividend payout ratio (DPR) is 21.51%.

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

About eBay

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.