eBay Inc. (NASDAQ:EBAY) Position Boosted by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 439.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,087 shares of the e-commerce company’s stock after acquiring an additional 54,653 shares during the quarter. Meeder Asset Management Inc.’s holdings in eBay were worth $3,541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EBAY. Tempus Wealth Planning LLC grew its holdings in shares of eBay by 3.1% during the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after purchasing an additional 254 shares during the last quarter. GHE LLC grew its holdings in shares of eBay by 1.5% during the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after purchasing an additional 260 shares during the last quarter. Savant Capital LLC grew its holdings in shares of eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares during the last quarter. Affinity Investment Advisors LLC grew its holdings in shares of eBay by 3.0% during the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after purchasing an additional 275 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of eBay by 10.5% during the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock worth $130,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Down 0.9 %

Shares of NASDAQ:EBAY traded down $0.47 during trading on Monday, hitting $53.72. 3,259,176 shares of the company’s stock traded hands, compared to its average volume of 5,841,666. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $55.35. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a market cap of $26.97 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 2.49 and a beta of 1.31. The company has a 50-day moving average price of $52.94 and a 200-day moving average price of $49.11.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business posted $0.87 EPS. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, research analysts forecast that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the business’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 transaction of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,558 shares of company stock worth $3,001,254. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EBAY. Truist Financial raised their price target on eBay from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, May 6th. Robert W. Baird raised their price target on eBay from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, June 17th. StockNews.com upgraded eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Citigroup began coverage on eBay in a report on Thursday, June 6th. They issued a “buy” rating and a $64.00 price target on the stock. Finally, Mizuho raised their price target on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $53.85.

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.