NEOS Investment Management LLC Trims Stock Holdings in eBay Inc. (NASDAQ:EBAY)

NEOS Investment Management LLC reduced its position in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 68.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,358 shares of the e-commerce company’s stock after selling 16,278 shares during the quarter. NEOS Investment Management LLC’s holdings in eBay were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 310 shares during the period. KBC Group NV increased its holdings in eBay by 78.1% during the 4th quarter. KBC Group NV now owns 1,373,798 shares of the e-commerce company’s stock worth $59,925,000 after purchasing an additional 602,407 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in eBay during the 4th quarter worth $5,937,000. California State Teachers Retirement System increased its holdings in eBay by 6.7% during the 4th quarter. California State Teachers Retirement System now owns 925,696 shares of the e-commerce company’s stock worth $40,379,000 after purchasing an additional 58,180 shares during the period. Finally, Lyrical Asset Management LP increased its holdings in eBay by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company’s stock worth $170,349,000 after purchasing an additional 65,132 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at eBay

In related news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the transaction, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

NASDAQ EBAY opened at $53.01 on Thursday. The stock has a 50-day simple moving average of $51.76 and a two-hundred day simple moving average of $46.83. The firm has a market capitalization of $26.61 billion, a P/E ratio of 10.56, a PEG ratio of 2.47 and a beta of 1.32. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $55.15. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99.

eBay (NASDAQ:EBAYGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. On average, equities analysts forecast that eBay Inc. will post 3.72 earnings per share for the current year.

eBay announced that its board has approved a stock buyback 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 repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.04%. eBay’s payout ratio is currently 21.51%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BMO Capital Markets increased their target price on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Wells Fargo & Company increased their target price on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Mizuho increased their target price on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. TD Cowen increased their target price on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Finally, Piper Sandler increased their target price on eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. One equities 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. According to data from MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $52.05.

Check Out Our Latest Stock Report on EBAY

About eBay

(Free Report)

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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