Pensionfund Sabic bought a new position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 16,400 shares of the e-commerce company’s stock, valued at approximately $1,428,000.
Several other hedge funds have also recently bought and sold shares of EBAY. Franklin Resources Inc. increased its position in shares of eBay by 1.7% in the second quarter. Franklin Resources Inc. now owns 930,951 shares of the e-commerce company’s stock worth $69,319,000 after acquiring an additional 15,422 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in shares of eBay by 304.0% during the 2nd quarter. AlphaCore Capital LLC now owns 1,200 shares of the e-commerce company’s stock valued at $89,000 after acquiring an additional 903 shares in the last quarter. Prudential Financial Inc. boosted its position in eBay by 34.6% during the 2nd quarter. Prudential Financial Inc. now owns 366,862 shares of the e-commerce company’s stock worth $27,317,000 after purchasing an additional 94,387 shares during the period. Jefferies Financial Group Inc. increased its holdings in eBay by 74.4% in the 2nd quarter. Jefferies Financial Group Inc. now owns 32,502 shares of the e-commerce company’s stock valued at $2,420,000 after purchasing an additional 13,863 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in eBay in the 2nd quarter valued at $350,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
eBay Price Performance
Shares of EBAY stock opened at $89.10 on Wednesday. The firm has a market cap of $39.92 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.88 and a beta of 1.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The firm has a fifty day moving average of $89.62 and a two-hundred day moving average of $88.42.
eBay Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, March 6th. This is an increase from eBay’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 1.4%. eBay’s payout ratio is currently 28.51%.
Insiders Place Their Bets
In other news, SVP Cornelius Boone sold 16,685 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $92.44, for a total value of $1,542,361.40. Following the completion of the sale, the senior vice president directly owned 94,479 shares in the company, valued at approximately $8,733,638.76. The trade was a 15.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mazen Rawashdeh sold 23,167 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $93.59, for a total value of $2,168,199.53. Following the sale, the senior vice president directly owned 28,915 shares in the company, valued at approximately $2,706,154.85. This represents a 44.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,280 shares of company stock valued at $8,067,074 in the last quarter. Insiders own 0.64% of the company’s stock.
Trending Headlines about eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Board strengthening — eBay expanded its board to 12 members and added technology‑marketplace veteran Brian H. Sharples, a move investors often view as positive for governance and marketplace strategy. eBay Adds Tech Marketplace Veteran to Strengthen Board
- Neutral Sentiment: Short interest data appears anomalous — multiple March reports show “0 shares” shorted and days‑to‑cover of 0.0, likely a data/reporting error rather than a genuine decline in short interest; this is unlikely to be a material market driver by itself.
- Neutral Sentiment: Retail/investor coverage and features — several consumer and finance outlets ran retrospective and opinion pieces about eBay as a long‑term holding and S&P 500 stock picks; these articles may buoy retail interest but are not company‑specific catalysts. If You Invested $1000 in eBay a Decade Ago, This is How Much It’d Be Worth Now 1 S&P 500 Stock to Own for Decades and 2 We Question
- Negative Sentiment: Service outage reports — multiple outlets and user reports indicate search functionality was failing for thousands of users yesterday; outages can reduce transactions and hurt short‑term revenue and user sentiment if not resolved quickly. eBay Down for Thousands of Users, Downdetecter Shows
Wall Street Analysts Forecast Growth
A number of brokerages have commented on EBAY. Daiwa Securities Group boosted their price objective on eBay from $84.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Stifel Nicolaus increased their target price on eBay from $88.00 to $94.00 and gave the company a “hold” rating in a research note on Thursday, February 19th. President Capital reduced their price target on eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Benchmark upped their price target on eBay from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of eBay in a research report on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $97.97.
Get Our Latest Stock Analysis on eBay
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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