DNB Asset Management AS lowered its position in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,545 shares of the e-commerce company’s stock after selling 1,180 shares during the quarter. DNB Asset Management AS’s holdings in eBay were worth $4,750,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in shares of eBay during the 2nd quarter worth approximately $26,000. Eagle Bay Advisors LLC lifted its position in shares of eBay by 49.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 736 shares of the e-commerce company’s stock worth $27,000 after buying an additional 242 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in shares of eBay during the 3rd quarter worth approximately $28,000. Guardian Wealth Advisors LLC bought a new position in shares of eBay during the 3rd quarter worth approximately $40,000. Finally, General Partner Inc. bought a new position in shares of eBay during the 4th quarter worth approximately $48,000. Institutional investors own 85.51% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on EBAY. Deutsche Bank Aktiengesellschaft lowered their price target on shares of eBay from $55.00 to $50.00 in a report on Thursday, February 23rd. UBS Group lifted their price target on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 23rd. Susquehanna lifted their price target on shares of eBay from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, February 27th. Piper Sandler lifted their price target on shares of eBay from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. Finally, StockNews.com began coverage on shares of eBay in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.13.
eBay Stock Down 2.0 %
eBay (NASDAQ:EBAY – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.46 billion. eBay had a negative net margin of 12.96% and a positive return on equity of 34.14%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. Equities research analysts expect that eBay Inc. will post 3.36 earnings per share for the current fiscal year.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This is a positive change from eBay’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 2.33%. eBay’s payout ratio is -46.95%.
eBay Company Profile
eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.
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