Citizens Financial Group Inc. RI Acquires Shares of 115,866 eBay Inc. (NASDAQ:EBAY)

Citizens Financial Group Inc. RI bought a new position in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 115,866 shares of the e-commerce company’s stock, valued at approximately $6,224,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after acquiring an additional 17,143 shares during the period. SteelPeak Wealth LLC lifted its holdings in shares of eBay by 42.3% during the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after purchasing an additional 17,140 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after purchasing an additional 60,544 shares in the last quarter. PGGM Investments grew its stake in shares of eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after buying an additional 28,604 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its position in eBay by 435.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after buying an additional 29,624 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EBAY shares. Robert W. Baird boosted their target price on eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Wells Fargo & Company reduced their price objective on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Wolfe Research assumed coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Truist Financial raised their price target on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.90.

eBay Stock Up 1.5 %

Shares of EBAY stock opened at $64.36 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $64.42. The stock has a market cap of $31.47 billion, a P/E ratio of 12.82, a P/E/G ratio of 2.35 and a beta of 1.32. The company has a 50 day simple moving average of $56.78 and a two-hundred day simple moving average of $53.70.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. On average, research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio (DPR) is currently 21.51%.

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.