eBay Inc. (NASDAQ:EBAY) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,782 shares of the e-commerce company’s stock after selling 8,176 shares during the period. eBay accounts for about 1.4% of Thompson Investment Management Inc.’s holdings, making the stock its 20th biggest position. Thompson Investment Management Inc.’s holdings in eBay were worth $9,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in shares of eBay in the fourth quarter worth $27,000. Orion Capital Management LLC purchased a new stake in eBay during the 4th quarter worth about $27,000. Pinney & Scofield Inc. acquired a new position in eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the 4th quarter valued at about $33,000. Finally, Transce3nd LLC purchased a new position in eBay in the 4th quarter valued at about $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Down 0.7%

NASDAQ EBAY opened at $78.77 on Wednesday. The company has a market capitalization of $36.31 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 12 month low of $51.72 and a 12 month high of $79.84. The company’s fifty day moving average price is $69.23 and its two-hundred day moving average price is $67.01.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 posted $1.25 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

Insider Buying and Selling

In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the transaction, the senior vice president now directly owns 123,282 shares of the company’s stock, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at $39,153,665.80. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 283,635 shares of company stock valued at $19,872,559 over the last 90 days. 0.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. Wall Street Zen upgraded eBay from a “hold” rating to a “buy” rating in a report on Saturday, April 26th. Truist Financial raised their price objective on eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Piper Sandler lifted their price objective on eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC increased their target price on eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $67.73.

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.