VCI Wealth Management LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 18,095 shares of the e-commerce company’s stock, valued at approximately $1,919,000.
Other large investors have also bought and sold shares of the company. Rakuten Investment Management Inc. bought a new stake in eBay in the 2nd quarter valued at $7,929,000. Lombard Odier Asset Management Europe Ltd acquired a new position in eBay in the 2nd quarter worth $23,393,000. Marvin & Palmer Associates Inc. acquired a new position in eBay in the 2nd quarter worth $3,989,000. Empowered Funds LLC bought a new position in eBay during the 2nd quarter worth about $16,967,000. Finally, Glenview Trust Co bought a new position in eBay during the 2nd quarter worth about $1,544,000. 87.48% of the stock is owned by institutional investors.
eBay Stock Down 0.6%
EBAY stock opened at $120.93 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The business has a 50 day moving average price of $111.16 and a two-hundred day moving average price of $103.99. The company has a market cap of $53.81 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.95 and a beta of 1.33. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $124.59.
eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 48.79%. eBay’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. Analysts anticipate that eBay Inc. will post 4.45 EPS for the current fiscal year.
eBay Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay’s dividend payout ratio (DPR) is presently 27.07%.
Analyst Ratings Changes
Several analysts have issued reports on EBAY shares. BMO Capital Markets reissued an “outperform” rating on shares of eBay in a research note on Thursday. Jefferies Financial Group cut their price target on eBay from $80.00 to $75.00 and set an “underperform” rating on the stock in a report on Monday, September 21st. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price objective on shares of eBay in a research report on Thursday. Needham & Company LLC increased their price objective on eBay from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citizens Jmp lowered eBay from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Sixteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $123.36.
Get Our Latest Stock Analysis on eBay
Insider Buying and Selling at eBay
In other eBay news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction on Monday, October 5th. The shares were sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the completion of the transaction, the chief executive officer directly owned 226,269 shares of the company’s stock, valued at $24,228,884.52. The trade was a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the sale, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 34,344 shares of company stock valued at $3,635,567 in the last ninety days. Insiders own 0.67% of the company’s stock.
eBay Profile
eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.
Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.
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