eBay Inc. (NASDAQ:EBAY) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,727 shares of the e-commerce company’s stock after selling 833 shares during the quarter. Summit Trail Advisors LLC’s holdings in eBay were worth $206,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. SteelPeak Wealth LLC purchased a new stake in shares of eBay during the 4th quarter worth $1,767,000. Allspring Global Investments Holdings LLC boosted its position in shares of eBay by 604.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after buying an additional 541,384 shares in the last quarter. Savant Capital LLC boosted its position in shares of eBay by 2.3% in the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after buying an additional 262 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of eBay in the 3rd quarter worth about $798,000. Finally, Sapient Capital LLC purchased a new stake in shares of eBay in the 4th quarter worth about $955,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EBAY shares. BMO Capital Markets boosted their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Barclays boosted their target price on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Morgan Stanley cut their target price on shares of eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Piper Sandler boosted their target price on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.45.

eBay Stock Down 0.8 %

EBAY opened at $49.69 on Thursday. The firm has a 50 day moving average price of $51.03 and a 200 day moving average price of $44.98. The company has a market cap of $25.14 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Sell-side analysts expect that eBay Inc. will post 3.75 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

eBay declared that its board has approved a stock buyback plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

About eBay

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.