Mizuho Markets Americas LLC Decreases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Mizuho Markets Americas LLC decreased its position in eBay Inc. (NASDAQ:EBAY) by 23.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,627 shares of the e-commerce company’s stock after selling 19,242 shares during the quarter. Mizuho Markets Americas LLC’s holdings in eBay were worth $3,358,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SteelPeak Wealth LLC purchased a new position in shares of eBay in the fourth quarter valued at about $1,767,000. Allspring Global Investments Holdings LLC increased its position in shares of eBay by 604.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock valued at $27,522,000 after buying an additional 541,384 shares during the period. Savant Capital LLC increased its position 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 valued at $498,000 after buying an additional 262 shares during the period. Van ECK Associates Corp increased its position in shares of eBay by 25.0% during the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after buying an additional 17,143 shares during the period. Finally, Raymond James & Associates increased its position in shares of eBay by 6.9% during the first quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock valued at $46,124,000 after buying an additional 56,148 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Down 1.5 %

Shares of NASDAQ EBAY traded down $0.79 during midday trading on Friday, hitting $53.60. The stock had a trading volume of 3,488,819 shares, compared to its average volume of 4,065,706. The business’s 50 day moving average is $53.28 and its 200-day moving average is $49.37. The company has a market cap of $26.91 billion, a P/E ratio of 10.68, a PEG ratio of 2.47 and a beta of 1.31. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $55.69. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion for 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 firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 earnings per share. As a group, analysts predict that eBay Inc. will post 3.72 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. eBay’s dividend payout ratio is currently 21.51%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EBAY shares. Wells Fargo & Company boosted their price target on shares of eBay from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 25th. JPMorgan Chase & Co. started coverage on shares of eBay in a research report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price target on the stock. Mizuho boosted their price target on shares of eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Morgan Stanley boosted their price target on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wolfe Research assumed coverage on shares of eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $54.00.

Insider Buying and Selling at eBay

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 shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,558 shares of company stock valued at $3,001,254. Insiders own 0.38% of the company’s stock.

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.