Jacobs Levy Equity Management Inc. Has $226,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Jacobs Levy Equity Management Inc. decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 99.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,654 shares of the e-commerce company’s stock after selling 814,687 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in eBay were worth $226,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Greenline Partners LLC acquired a new position in eBay in the 4th quarter valued at $718,000. Focus Partners Wealth grew its stake in eBay by 26.7% in the 4th quarter. Focus Partners Wealth now owns 24,370 shares of the e-commerce company’s stock valued at $1,511,000 after buying an additional 5,137 shares during the last quarter. Ellevest Inc. grew its stake in eBay by 1.7% in the 4th quarter. Ellevest Inc. now owns 10,642 shares of the e-commerce company’s stock valued at $659,000 after buying an additional 183 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in eBay by 27.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 201,695 shares of the e-commerce company’s stock valued at $12,495,000 after buying an additional 42,906 shares during the last quarter. Finally, Ethic Inc. grew its stake in eBay by 5.1% in the 4th quarter. Ethic Inc. now owns 120,615 shares of the e-commerce company’s stock valued at $7,472,000 after buying an additional 5,887 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president now owns 123,282 shares in the company, valued at $8,559,469.26. The trade was a 50.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares of the company’s stock, valued at approximately $39,153,665.80. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,755 shares of company stock worth $12,943,715. 0.64% of the stock is currently owned by corporate insiders.

eBay Trading Up 1.8%

Shares of EBAY stock opened at $71.84 on Monday. eBay Inc. has a 12-month low of $51.02 and a 12-month high of $71.90. The company has a market capitalization of $33.12 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.22 and a beta of 1.30. The firm has a 50-day moving average price of $66.49 and a 200 day moving average price of $65.50. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY) last announced 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 net margin of 19.68% and a return on equity of 30.97%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $1.25 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, May 30th. eBay’s payout ratio is presently 27.62%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EBAY shares. Daiwa America upgraded shares of eBay from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 12th. Truist Financial increased their price target on shares of eBay from $62.00 to $68.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Sanford C. Bernstein downgraded shares of eBay from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. TD Securities increased their price target on shares of eBay from $62.00 to $64.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Finally, Morgan Stanley increased their price target on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $67.42.

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.