Wahed Invest LLC Buys 211 Shares of eBay Inc. (NASDAQ:EBAY)

Wahed Invest LLC raised its stake in eBay Inc. (NASDAQ:EBAY) by 1.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,499 shares of the e-commerce company’s stock after acquiring an additional 211 shares during the period. Wahed Invest LLC’s holdings in eBay were worth $774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. Golden State Wealth Management LLC bought a new stake in eBay in the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay in the 4th quarter worth approximately $33,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay during the fourth quarter worth $36,000. Transce3nd LLC acquired a new stake in shares of eBay during the fourth quarter worth $36,000. Finally, Lee Danner & Bass Inc. acquired a new position in eBay in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of recent analyst reports. Sanford C. Bernstein downgraded eBay from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. Benchmark raised their target price on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Robert W. Baird boosted their price target on eBay from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday. TD Securities increased their price target on eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday. Finally, UBS Group lifted their price objective on shares of eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus price target of $67.12.

eBay Stock Performance

NASDAQ EBAY opened at $68.60 on Friday. eBay Inc. has a 1 year low of $49.25 and a 1 year high of $71.61. The company has a fifty day moving average price of $65.83 and a 200-day moving average price of $65.02. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $31.97 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.22 and a beta of 1.43.

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

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.69%. eBay’s payout ratio is 29.07%.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock worth $3,121,626 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

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.