HB Wealth Management LLC Sells 2,770 Shares of eBay Inc. (NASDAQ:EBAY)

HB Wealth Management LLC cut its holdings in eBay Inc. (NASDAQ:EBAY) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,097 shares of the e-commerce company’s stock after selling 2,770 shares during the period. HB Wealth Management LLC’s holdings in eBay were worth $397,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SkyView Investment Advisors LLC bought a new stake in shares of eBay in the 1st quarter worth about $27,000. Union Savings Bank bought a new stake in shares of eBay in the 2nd quarter worth about $28,000. Stonebridge Capital Advisors LLC bought a new stake in shares of eBay in the 4th quarter worth about $29,000. Gyon Technologies Capital Management LP bought a new position in eBay during the 4th quarter valued at about $32,000. Finally, Almanack Investment Partners LLC. bought a new position in eBay during the 3rd quarter valued at about $28,000. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction 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 sale, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

eBay Trading Up 1.6 %

EBAY stock opened at $51.92 on Thursday. The firm has a market cap of $26.89 billion, a P/E ratio of 9.95, a PEG ratio of 2.10 and a beta of 1.31. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.82. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. The company’s 50-day simple moving average is $45.72 and its 200-day simple moving average is $43.27.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company’s revenue for the quarter was up 3.6% 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, equities analysts forecast that eBay Inc. will post 3.64 EPS for the current fiscal year.

eBay announced that its board has approved a share buyback plan on Tuesday, February 27th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.08%. eBay’s dividend payout ratio is 20.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EBAY shares. BMO Capital Markets boosted their price objective on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group started coverage on shares of eBay in a research report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price objective for the company. UBS Group boosted their price objective on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Truist Financial upped their price target on shares of eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Finally, Wells Fargo & Company lowered their price target on shares of eBay from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $48.84.

eBay 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.