Federated Hermes Inc. Has $14.60 Million Stake in eBay Inc. (NASDAQ:EBAY)

Federated Hermes Inc. trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 334,628 shares of the e-commerce company’s stock after selling 82,785 shares during the period. Federated Hermes Inc. owned 0.06% of eBay worth $14,596,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EBAY. CWM LLC increased its stake in shares of eBay by 8.8% in the 3rd quarter. CWM LLC now owns 14,092 shares of the e-commerce company’s stock valued at $621,000 after purchasing an additional 1,145 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of eBay by 13.2% in the 3rd quarter. Ritholtz Wealth Management now owns 12,242 shares of the e-commerce company’s stock valued at $540,000 after purchasing an additional 1,430 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of eBay by 16.5% in the 3rd quarter. HB Wealth Management LLC now owns 11,867 shares of the e-commerce company’s stock valued at $523,000 after purchasing an additional 1,677 shares during the last quarter. Caprock Group LLC increased its stake in shares of eBay by 8.8% in the 3rd quarter. Caprock Group LLC now owns 8,403 shares of the e-commerce company’s stock valued at $370,000 after purchasing an additional 678 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of eBay by 46.9% in the 3rd quarter. Czech National Bank now owns 93,011 shares of the e-commerce company’s stock valued at $4,101,000 after purchasing an additional 29,708 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of eBay stock opened at $50.94 on Tuesday. The company has a market cap of $26.39 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 2.03 and a beta of 1.32. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $52.93. The business has a 50 day moving average price of $49.38 and a 200-day moving average price of $44.33. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.51 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. Equities analysts anticipate that eBay Inc. will post 3.69 earnings per share for the current fiscal year.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a $0.27 dividend. The ex-dividend date was Friday, March 8th. This is an increase from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.12%. eBay’s dividend payout ratio is 20.69%.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EBAY shares. Wells Fargo & Company boosted their price objective on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upped their price target on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Truist Financial upped their price target on eBay from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. Mizuho upped their price target on eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Barclays upped their price target on eBay from $55.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.21.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

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.