Boston Partners trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,361,843 shares of the e-commerce company’s stock after selling 79,495 shares during the quarter. Boston Partners’ holdings in eBay were worth $379,999,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Titan Investment Solutions Ltd acquired a new position in eBay during the fourth quarter worth $1,217,000. Dynamic Technology Lab Private Ltd grew its position in shares of eBay by 26.6% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 10,619 shares of the e-commerce company’s stock valued at $925,000 after purchasing an additional 2,234 shares during the period. Korea Investment CORP increased its stake in shares of eBay by 20.8% during the fourth quarter. Korea Investment CORP now owns 467,314 shares of the e-commerce company’s stock worth $40,703,000 after purchasing an additional 80,433 shares in the last quarter. Banco Santander S.A. raised its position in shares of eBay by 3.5% during the 4th quarter. Banco Santander S.A. now owns 33,863 shares of the e-commerce company’s stock worth $2,949,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in eBay by 316.1% in the 4th quarter. Wealthspire Advisors LLC now owns 4,677 shares of the e-commerce company’s stock valued at $407,000 after buying an additional 3,553 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Trading Down 0.9%
NASDAQ EBAY opened at $108.61 on Friday. The firm has a 50 day simple moving average of $106.45 and a 200-day simple moving average of $94.42. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. eBay Inc. has a one year low of $72.84 and a one year high of $119.31. The firm has a market cap of $48.22 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 2.44 and a beta of 1.39.
eBay Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. eBay’s dividend payout ratio is currently 28.12%.
Insider Buying and Selling
In other news, SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total value of $5,852,000.00. Following the sale, the senior vice president directly owned 29,217 shares in the company, valued at approximately $3,419,557.68. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $109.59, for a total value of $1,217,544.90. Following the completion of the transaction, the chief executive officer owned 280,204 shares of the company’s stock, valued at approximately $30,707,556.36. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 148,063 shares of company stock valued at $15,356,989 in the last three months. 0.64% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on EBAY. Rothschild & Co Redburn lifted their price objective on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. The Goldman Sachs Group raised their target price on eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. UBS Group raised their price objective on eBay from $96.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Bank of America boosted their target price on eBay from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Morgan Stanley raised their price target on eBay to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $107.84.
Get Our Latest Research Report on EBAY
eBay Company Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
Featured Articles
- Five stocks we like better than eBay
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.
