Norinchukin Bank The lifted its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,770 shares of the e-commerce company’s stock after purchasing an additional 3,506 shares during the quarter. Norinchukin Bank The’s holdings in eBay were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings in eBay by 12.4% in the 4th 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. Invesco Ltd. increased its holdings in eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock worth $571,736,000 after buying an additional 627,823 shares in the last quarter. Northern Trust Corp increased its holdings in eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after buying an additional 300,216 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in eBay by 7.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,834,195 shares of the e-commerce company’s stock worth $361,428,000 after buying an additional 386,568 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in eBay by 6.1% in the 4th quarter. Deutsche Bank AG now owns 4,131,342 shares of the e-commerce company’s stock worth $255,937,000 after buying an additional 239,103 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.
eBay Stock Up 0.4%
Shares of EBAY opened at $99.22 on Friday. The business’s 50 day simple moving average is $83.70 and its 200-day simple moving average is $73.86. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The stock has a market capitalization of $45.34 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.
eBay Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. eBay’s dividend payout ratio is 25.55%.
Insiders Place Their Bets
In other news, CEO Jamie Iannone sold 10,974 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the completion of the transaction, the chief executive officer directly owned 306,651 shares in the company, valued at $23,228,813.25. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of eBay stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. Insiders sold a total of 183,209 shares of company stock worth $15,331,663 in the last three months. Insiders own 0.64% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on EBAY. Truist Financial lifted their price objective on eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Barclays reiterated an “overweight” rating and issued a $92.00 price objective (up from $77.00) on shares of eBay in a report on Thursday, July 31st. Evercore ISI boosted their price target on eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a research note on Thursday, May 1st. Robert W. Baird boosted their price target on eBay from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Daiwa Capital Markets upgraded eBay from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Monday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $78.19.
Read Our Latest Stock Analysis on EBAY
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.
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