Wahed Invest LLC Acquires 211 Shares of eBay Inc. (NASDAQ:EBAY)

Wahed Invest LLC raised its stake in eBay Inc. (NASDAQ:EBAY) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,499 shares of the e-commerce company’s stock after buying an additional 211 shares during the quarter. Wahed Invest LLC’s holdings in eBay were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in eBay in the 4th quarter valued at $27,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay in the fourth quarter valued at about $33,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay in the fourth quarter valued at about $36,000. Transce3nd LLC acquired a new position in shares of eBay during the fourth quarter worth about $36,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of eBay during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

eBay stock opened at $68.60 on Friday. The company has a market capitalization of $31.97 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12 month low of $49.25 and a 12 month high of $71.61. The stock’s 50 day moving average is $65.83 and its 200-day moving average is $65.02.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. UBS Group boosted their target price on eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday. Benchmark boosted their price objective on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC raised their target price on shares of eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday. Cantor Fitzgerald boosted their price target on shares of eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Bank of America lowered their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $67.12.

About eBay

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.