Bremer Bank National Association Sells 173 Shares of eBay Inc. (NASDAQ:EBAY)

Bremer Bank National Association cut its stake in eBay Inc. (NASDAQ:EBAY) by 4.2% in the first quarter, HoldingsChannel.com reports. The fund owned 3,913 shares of the e-commerce company’s stock after selling 173 shares during the period. Bremer Bank National Association’s holdings in eBay were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Kestra Investment Management LLC grew its holdings in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares during the period. Van ECK Associates Corp grew its position in eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock valued at $8,800,000 after buying an additional 139,315 shares during the period. Jones Financial Companies Lllp grew its position in eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock valued at $503,000 after buying an additional 2,110 shares during the period. Proficio Capital Partners LLC bought a new stake in eBay during the fourth quarter valued at approximately $8,644,000. Finally, TCW Group Inc. grew its position in shares of eBay by 45.8% during the 4th quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company’s stock valued at $3,339,000 after acquiring an additional 16,919 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at $39,153,665.80. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 280,650 shares of company stock valued at $19,637,729. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EBAY shares. Evercore ISI boosted their price objective on shares of eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Piper Sandler boosted their price objective on eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Truist Financial boosted their price objective on eBay from $62.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Benchmark upped their price target on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Susquehanna upped their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.42.

eBay Trading Up 1.9%

Shares of eBay stock opened at $74.53 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $51.72 and a 12-month high of $74.94. The firm has a market capitalization of $34.36 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 2.22 and a beta of 1.30. The firm’s 50 day simple moving average is $67.94 and its two-hundred day simple moving average is $66.37.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

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.