Triodos Investment Management BV lowered its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 11.9% in the 4th quarter, HoldingsChannel reports. The fund owned 544,198 shares of the e-commerce company’s stock after selling 73,500 shares during the period. eBay accounts for approximately 3.4% of Triodos Investment Management BV’s holdings, making the stock its 7th largest holding. Triodos Investment Management BV’s holdings in eBay were worth $47,400,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its position in eBay by 10.9% in the third quarter. Allianz Asset Management GmbH now owns 2,459,405 shares of the e-commerce company’s stock worth $223,683,000 after acquiring an additional 242,168 shares in the last quarter. Independent Advisor Alliance grew its position in eBay by 407.8% in the third quarter. Independent Advisor Alliance now owns 26,469 shares of the e-commerce company’s stock worth $2,407,000 after acquiring an additional 21,257 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in eBay by 30.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 181,787 shares of the e-commerce company’s stock worth $16,534,000 after acquiring an additional 42,048 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in eBay by 4.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock worth $255,294,000 after acquiring an additional 113,553 shares in the last quarter. Finally, Allworth Financial LP grew its position in eBay by 62.6% in the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after acquiring an additional 8,899 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.
eBay Stock Down 2.6%
Shares of NASDAQ EBAY opened at $109.27 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $48.52 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.49 and a beta of 1.39. The stock has a 50 day moving average price of $102.64 and a 200 day moving average price of $92.64. eBay Inc. has a 52-week low of $72.12 and a 52-week high of $119.31.
eBay Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a yield of 1.1%. eBay’s dividend payout ratio is currently 28.12%.
Trending Headlines about eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Investor interest remains supported by eBay’s recent earnings beat and solid revenue growth, with the company posting better-than-expected Q1 results and giving Q2 guidance that suggests continued profitability. eBay (EBAY) Up 8.4% Since Last Earnings Report: Can It Continue?
- Positive Sentiment: GameStop’s increased stake and continued takeover-related attention have kept eBay in the spotlight, which can support the share price if investors believe a higher bid or strategic outcome remains possible. GameStop Raises eBay Stake in Takeover Fight
- Neutral Sentiment: Market commentary around eBay’s governance and activism story has kept the stock in focus, but the forum discussion appears more informational than a direct operational catalyst. Highlights: GameStop & eBay – Activism: Governance from Investor & Board Perspectives
- Neutral Sentiment: Analysts still see eBay as a “Hold” overall, with some price targets above current levels but little consensus for a major re-rating yet. eBay Inc. (NASDAQ:EBAY) Given Consensus Rating of “Hold” by Brokerages
- Negative Sentiment: The stock is under pressure from its ex-dividend date, which often causes a mechanical price reset and can weigh on near-term trading. eBay shares fall as stock trades ex-dividend and GameStop-bid premium continues to unwind
- Negative Sentiment: Insider selling, including a recent sale by SVP Mazen Rawashdeh, may be adding to investor caution even though the transaction was made under a pre-arranged trading plan. SEC Form 4 filing
Insider Buying and Selling
In other eBay news, CEO Jamie Iannone sold 21,000 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $97.37, for a total transaction of $2,044,770.00. Following the completion of the sale, the chief executive officer owned 352,653 shares in the company, valued at $34,337,822.61. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Cornelius Boone sold 16,685 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $92.44, for a total value of $1,542,361.40. Following the sale, the senior vice president owned 94,479 shares of the company’s stock, valued at approximately $8,733,638.76. This represents a 15.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 136,953 shares of company stock worth $14,139,444 in the last three months. Corporate insiders own 0.64% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. UBS Group boosted their target price on eBay from $96.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Piper Sandler reissued an “overweight” rating and set a $115.00 price target (up from $105.00) on shares of eBay in a research note on Thursday, April 30th. Rothschild & Co Redburn raised their price target on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Truist Financial raised their price target on eBay from $94.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Benchmark raised their price target on shares of eBay from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Thirteen analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.84.
Read Our Latest Analysis 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.
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