SOA Wealth Advisors LLC. purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,610 shares of the e-commerce company’s stock, valued at approximately $100,000.
Several other hedge funds have also recently bought and sold shares of the company. Baupost Group LLC MA grew its stake in shares of eBay by 3.3% during the 4th quarter. Baupost Group LLC MA now owns 31,115,223 shares of the e-commerce company’s stock worth $1,563,540,000 after acquiring an additional 1,000,000 shares during the period. FMR LLC lifted its holdings in eBay by 5.5% during the 4th quarter. FMR LLC now owns 21,125,914 shares of the e-commerce company’s stock worth $1,061,577,000 after purchasing an additional 1,094,743 shares in the last quarter. Nordea Investment Management AB lifted its holdings in eBay by 52.3% during the 4th quarter. Nordea Investment Management AB now owns 18,660,558 shares of the e-commerce company’s stock worth $937,693,000 after purchasing an additional 6,410,445 shares in the last quarter. Northern Trust Corp lifted its holdings in eBay by 0.5% during the 4th quarter. Northern Trust Corp now owns 9,141,163 shares of the e-commerce company’s stock worth $459,344,000 after purchasing an additional 45,706 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in eBay by 6.4% during the 4th quarter. First Trust Advisors LP now owns 7,879,276 shares of the e-commerce company’s stock worth $395,934,000 after purchasing an additional 470,661 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.
Shares of NASDAQ:EBAY opened at $61.76 on Thursday. The stock has a fifty day simple moving average of $58.95 and a two-hundred day simple moving average of $54.49. The stock has a market capitalization of $42.02 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 1.40 and a beta of 1.23. eBay Inc. has a 12-month low of $31.80 and a 12-month high of $64.85. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.65.
eBay announced that its Board of Directors has approved a stock buyback program on Wednesday, February 3rd that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire up to 10% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 19th. Stockholders of record on Monday, March 1st were paid a $0.18 dividend. The ex-dividend date was Friday, February 26th. This represents a $0.72 annualized dividend and a dividend yield of 1.17%. This is a boost from eBay’s previous quarterly dividend of $0.16. eBay’s payout ratio is currently 31.03%.
In related news, SVP Pete Thompson sold 23,625 shares of eBay stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $57.22, for a total value of $1,351,822.50. Following the completion of the sale, the senior vice president now owns 41,142 shares of the company’s stock, valued at $2,354,145.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew John Cring sold 9,512 shares of eBay stock in a transaction on Tuesday, January 19th. The stock was sold at an average price of $57.00, for a total value of $542,184.00. Following the completion of the sale, the chief financial officer now directly owns 122,664 shares of the company’s stock, valued at approximately $6,991,848. The disclosure for this sale can be found here. Insiders sold 35,855 shares of company stock valued at $2,063,882 in the last 90 days. Company insiders own 5.02% of the company’s stock.
EBAY has been the topic of a number of recent research reports. KeyCorp increased their price objective on eBay from $65.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 4th. Truist raised their price objective on eBay from $60.00 to $67.00 in a report on Thursday, February 4th. Evercore ISI reissued an “in-line” rating and set a $65.00 price objective on shares of eBay in a report on Tuesday. Mizuho raised their price objective on eBay from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, February 4th. Finally, Susquehanna raised their price objective on eBay from $66.00 to $75.00 and gave the company a “positive” rating in a report on Thursday, February 4th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $67.48.
eBay Inc operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.
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