Ethic Inc. Grows Position in eBay Inc. (NASDAQ:EBAY)

Ethic Inc. lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,615 shares of the e-commerce company’s stock after purchasing an additional 5,887 shares during the quarter. Ethic Inc.’s holdings in eBay were worth $7,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. Fiduciary Trust Co increased its stake in shares of eBay by 4.8% in the 4th quarter. Fiduciary Trust Co now owns 16,085 shares of the e-commerce company’s stock worth $996,000 after acquiring an additional 734 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of eBay by 6.1% during the fourth quarter. Deutsche Bank AG now owns 4,131,342 shares of the e-commerce company’s stock valued at $255,937,000 after purchasing an additional 239,103 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of eBay by 15.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 24,709 shares of the e-commerce company’s stock worth $1,531,000 after purchasing an additional 3,229 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of eBay by 48.0% in the 4th quarter. Colonial Trust Co SC now owns 675 shares of the e-commerce company’s stock worth $42,000 after buying an additional 219 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in eBay by 2,988.1% during the fourth quarter. CoreCap Advisors LLC now owns 29,893 shares of the e-commerce company’s stock valued at $1,852,000 after buying an additional 28,925 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,685 shares of company stock valued at $4,121,245. 0.38% of the stock is owned by company insiders.

eBay Price Performance

NASDAQ EBAY opened at $69.51 on Friday. 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 $50.43 and a 12 month high of $71.61. The stock has a market cap of $32.04 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.22 and a beta of 1.30. The company’s 50 day moving average is $66.25 and its two-hundred day moving average is $65.19.

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

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 dividend yield of 1.67%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EBAY. Morgan Stanley lifted their price target on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Saturday, April 26th. Citigroup cut their price target on shares of eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Benchmark boosted their price objective on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Piper Sandler lifted their target price on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.32.

eBay Company Profile

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.