North Dakota State Investment Board purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,770 shares of the e-commerce company’s stock, valued at approximately $1,809,000.
Several other hedge funds have also modified their holdings of EBAY. Guggenheim Capital LLC grew its stake in shares of eBay by 7.4% during the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock valued at $1,067,000 after purchasing an additional 988 shares during the last quarter. Jump Financial LLC bought a new stake in shares of eBay during the second quarter valued at approximately $275,000. NewEdge Advisors LLC grew its stake in shares of eBay by 70.4% during the second quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock valued at $8,084,000 after purchasing an additional 44,851 shares during the last quarter. Sei Investments Co. grew its stake in shares of eBay by 48.7% during the second quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock valued at $35,111,000 after purchasing an additional 154,465 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of eBay by 26.3% during the second quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock valued at $24,250,000 after purchasing an additional 67,731 shares during the last quarter. 87.48% of the stock is owned by institutional investors.
eBay Stock Down 0.2%
Shares of EBAY stock opened at $114.24 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a 1 year low of $71.00 and a 1 year high of $116.83. The firm’s fifty day moving average price is $99.02 and its two-hundred day moving average price is $90.90. The firm has a market capitalization of $50.72 billion, a P/E ratio of 25.90, a PEG ratio of 2.55 and a beta of 1.39.
eBay Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, May 29th. eBay’s payout ratio is presently 28.12%.
Insider Buying and Selling at eBay
In other eBay news, SVP Mazen Rawashdeh sold 23,167 shares of eBay stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $93.59, for a total value of $2,168,199.53. Following the sale, the senior vice president directly owned 28,915 shares in the company, valued at approximately $2,706,154.85. The trade was a 44.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 21,000 shares of eBay stock in a transaction on Monday, April 6th. The shares were 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. The trade was a 5.62% 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 86,953 shares of company stock valued at $8,287,444 over the last quarter. 0.64% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
EBAY has been the topic of a number of recent research reports. Rothschild & Co Redburn raised their price objective on shares of eBay from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. TD Cowen raised their price objective on shares of eBay from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Evercore set a $96.00 price objective on shares of eBay in a research note on Thursday, April 30th. Barclays raised their price objective on shares of eBay from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Daiwa Securities Group raised their price objective on shares of eBay from $90.00 to $114.00 in a research note on Monday, May 11th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $107.58.
View 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.
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