Ghe LLC Increases Stock Position in eBay Inc. (NASDAQ:EBAY)

Ghe LLC boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,480 shares of the e-commerce company’s stock after buying an additional 260 shares during the quarter. Ghe LLC’s holdings in eBay were worth $762,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. CWM LLC lifted its position in shares of eBay by 8.8% during the third quarter. CWM LLC now owns 14,092 shares of the e-commerce company’s stock worth $621,000 after purchasing an additional 1,145 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of eBay by 13.2% during the third quarter. Ritholtz Wealth Management now owns 12,242 shares of the e-commerce company’s stock worth $540,000 after purchasing an additional 1,430 shares in the last quarter. Caprock Group LLC lifted its position in shares of eBay by 8.8% during the third quarter. Caprock Group LLC now owns 8,403 shares of the e-commerce company’s stock worth $370,000 after purchasing an additional 678 shares in the last quarter. Czech National Bank lifted its position in shares of eBay by 46.9% during the third quarter. Czech National Bank now owns 93,011 shares of the e-commerce company’s stock worth $4,101,000 after purchasing an additional 29,708 shares in the last quarter. Finally, Harrington Investments INC lifted its position in shares of eBay by 1.5% during the third quarter. Harrington Investments INC now owns 36,371 shares of the e-commerce company’s stock worth $1,604,000 after purchasing an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

eBay Stock Down 0.1 %

EBAY stock traded down $0.07 during midday trading on Wednesday, reaching $51.18. 5,088,646 shares of the company were exchanged, compared to its average volume of 6,411,716. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $52.93. The stock’s 50-day simple moving average is $49.76 and its 200 day simple moving average is $44.43. The company has a market cap of $26.51 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.33.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. On average, equities analysts forecast that eBay Inc. will post 3.7 earnings per share for the current year.

eBay declared that its board has authorized a share repurchase plan on Tuesday, February 27th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a dividend of $0.27 per share. The ex-dividend date 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 2.11%. eBay’s dividend payout ratio (DPR) is 20.69%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Truist Financial increased 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. Susquehanna increased their price target on shares of eBay from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Morgan Stanley raised shares of eBay from an “underweight” rating to an “overweight” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $49.21.

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.