Baader Bank Aktiengesellschaft lowered its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 73.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,316 shares of the e-commerce company’s stock after selling 17,133 shares during the period. Baader Bank Aktiengesellschaft’s holdings in eBay were worth $544,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of eBay by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company’s stock valued at $5,018,121,000 after purchasing an additional 468,833 shares during the last quarter. First Trust Advisors LP boosted its position in eBay by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock valued at $755,767,000 after purchasing an additional 1,808,976 shares during the period. Legal & General Group Plc boosted its position in eBay by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 5,263,191 shares of the e-commerce company’s stock valued at $478,687,000 after purchasing an additional 141,057 shares during the period. Impax Asset Management Group plc grew its stake in eBay by 11.4% during the 4th quarter. Impax Asset Management Group plc now owns 3,134,733 shares of the e-commerce company’s stock worth $273,035,000 after buying an additional 321,732 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in eBay by 4.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock worth $255,294,000 after buying an additional 113,553 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.
eBay Stock Up 0.2%
Shares of eBay stock opened at $113.24 on Friday. eBay Inc. has a 12-month low of $69.41 and a 12-month high of $113.73. The firm has a market capitalization of $50.28 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.51 and a beta of 1.39. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. The stock’s fifty day moving average is $97.66 and its 200-day moving average is $90.57.
eBay Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s payout ratio is 28.12%.
Analysts Set New Price Targets
EBAY has been the topic of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $115.00 target price (up from $105.00) on shares of eBay in a research note on Thursday, April 30th. Wedbush boosted their target price on shares of eBay from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Jefferies Financial Group raised their price target on shares of eBay from $60.00 to $65.00 in a research note on Thursday, April 30th. Truist Financial lifted their price target on eBay from $94.00 to $105.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $122.00 price objective on shares of eBay in a report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $107.58.
View Our Latest Report on EBAY
eBay News Roundup
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Citi raised its price target on eBay to $127 from $114 and kept a Buy rating, citing better execution and continued momentum in the company’s targeted growth categories. Citi Hikes eBay Price Target to $127: Better Execution Drives Q1 Beat
- Positive Sentiment: Rothschild & Co Redburn also lifted its price target on eBay to $115 from $100, signaling that Wall Street sees some upside even after the recent run-up. Rothschild & Co Redburn Adjusts Price Target on eBay
- Neutral Sentiment: eBay rejected GameStop CEO Ryan Cohen’s unsolicited $56 billion takeover proposal, calling it “neither credible nor attractive,” but the high-profile bid has increased investor attention on the stock and sparked speculation about possible shareholder pressure or other strategic alternatives. Ryan Cohen says eBay directors should not dismiss his proposal without engaging
- Neutral Sentiment: Several follow-up reports show Cohen continuing to push for a shareholder vote, but eBay’s board has not shown interest in reopening talks, so the takeover storyline remains more of a market-moving headline than a clear deal catalyst. eBay Soundly Rejects GameStop’s Acquisition Bid
Insiders Place Their Bets
In other eBay news, SVP Mazen Rawashdeh sold 23,167 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $93.59, for a total transaction of $2,168,199.53. Following the completion of the sale, the senior vice president directly owned 28,915 shares in the company, valued at approximately $2,706,154.85. This trade represents a 44.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 16,685 shares of eBay stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total value of $1,542,361.40. Following the transaction, the senior vice president directly owned 94,479 shares in the company, valued at approximately $8,733,638.76. This trade represents a 15.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 86,952 shares of company stock worth $8,251,267 over the last three months. Company insiders own 0.64% of the company’s stock.
eBay 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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