M&T Bank Corp Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

M&T Bank Corp raised its holdings in eBay Inc. (NASDAQ:EBAY) by 0.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 48,235 shares of the e-commerce company’s stock after acquiring an additional 284 shares during the period. M&T Bank Corp’s holdings in eBay were worth $2,105,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings 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 last quarter. Raymond James Financial Services Advisors Inc. increased its position in 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 worth $6,510,000 after purchasing an additional 5,149 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in eBay by 109.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,263 shares of the e-commerce company’s stock worth $453,000 after purchasing an additional 5,370 shares in the last quarter. Mackenzie Financial Corp raised its holdings in eBay by 8.2% in the third quarter. Mackenzie Financial Corp now owns 120,934 shares of the e-commerce company’s stock valued at $5,141,000 after buying an additional 9,170 shares during the period. Finally, Strs Ohio acquired a new position in eBay during the third quarter valued at approximately $1,200,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Edward O. Garcia sold 1,165 shares of the firm’s 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 owns 31,888 shares in the company, valued at approximately $1,372,140.64. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. UBS Group boosted their price objective on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Morgan Stanley lowered their target price on eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. TD Cowen boosted their price target on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Susquehanna increased their price objective on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.45.

eBay Stock Performance

eBay stock opened at $50.34 on Friday. 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 Inc. has a 12 month low of $37.17 and a 12 month high of $52.93. The company has a fifty day moving average price of $51.13 and a two-hundred day moving average price of $45.05. The company has a market cap of $25.47 billion, a PE ratio of 10.03, a P/E/G ratio of 1.93 and a beta of 1.31.

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

eBay declared that its board has initiated a stock buyback program 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 programs are typically an indication that the company’s board believes its stock is undervalued.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

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.