Nuveen Asset Management LLC Has $163.28 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Nuveen Asset Management LLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 7.6% during the fourth quarter, Holdings Channel reports. The firm owned 2,635,686 shares of the e-commerce company’s stock after acquiring an additional 186,656 shares during the period. Nuveen Asset Management LLC’s holdings in eBay were worth $163,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EBAY. Ameriprise Financial Inc. grew its stake in eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock worth $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP boosted its position in shares of eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Marshall Wace LLP boosted its position in shares of eBay by 304.2% during the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock worth $130,421,000 after acquiring an additional 1,584,404 shares in the last quarter. Raymond James Financial Inc. bought a new position in eBay in the fourth quarter valued at approximately $96,214,000. Finally, Boston Partners raised its position in eBay by 35.2% during the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EBAY. Daiwa Capital Markets raised eBay from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Monday. JMP Securities restated a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. Sanford C. Bernstein cut eBay from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $70.00 to $65.00 in a research report on Tuesday, April 22nd. TD Securities increased their target price on shares of eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, Piper Sandler raised their price target on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.42.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,308,946.80. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock worth $12,943,715 over the last three months. 0.38% of the stock is owned by company insiders.

eBay Trading Up 2.1%

NASDAQ EBAY opened at $70.60 on Friday. The firm has a market capitalization of $32.55 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The business’s 50-day moving average price is $66.35 and its two-hundred day moving average price is $65.37. 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 $51.02 and a 12 month high of $71.61.

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

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

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.