MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $1.54 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Posted by Defense World Staff on Apr 2nd, 2023

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in eBay Inc. (NASDAQ:EBAY – Get Rating) by 140.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,037 shares of the e-commerce company’s stock after buying an additional 21,635 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in eBay were worth $1,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Quadrature Capital Ltd acquired a new stake in shares of eBay during the 3rd quarter worth approximately $1,921,000. Alta Advisers Ltd bought a new position in eBay in the 3rd quarter valued at $74,000. Louisiana State Employees Retirement System bought a new stake in shares of eBay during the third quarter worth $2,386,000. Aigen Investment Management LP raised its position in shares of eBay by 41.1% during the third quarter. Aigen Investment Management LP now owns 47,227 shares of the e-commerce company’s stock worth $1,738,000 after acquiring an additional 13,755 shares during the last quarter. Finally, Clarius Group LLC raised its position in shares of eBay by 5.9% during the third quarter. Clarius Group LLC now owns 9,734 shares of the e-commerce company’s stock worth $358,000 after acquiring an additional 538 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

eBay Trading Up 1.0 %

Shares of NASDAQ:EBAY opened at $44.37 on Friday. The company has a market capitalization of $23.82 billion, a P/E ratio of -20.83, a P/E/G ratio of 1.42 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.18 and a quick ratio of 2.18. eBay Inc. has a 1 year low of $35.92 and a 1 year high of $60.38. The business’s 50 day simple moving average is $46.06 and its 200 day simple moving average is $43.24.

eBay (NASDAQ:EBAY – Get Rating) last announced its earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.46 billion. eBay had a positive return on equity of 34.14% and a negative net margin of 12.96%. eBay’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. On average, research analysts anticipate that eBay Inc. will post 3.36 EPS for the current fiscal year.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Thursday, March 9th. This is a boost from eBay’s previous quarterly dividend of $0.22. eBay’s payout ratio is -46.95%.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of recent analyst reports. Credit Suisse Group upped their price objective on eBay from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. UBS Group upped their price objective on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 23rd. Bank of America upped their price objective on eBay from $44.00 to $52.00 in a research report on Tuesday, February 21st. Cowen dropped their target price on eBay from $48.00 to $46.00 in a report on Thursday, February 23rd. Finally, Benchmark dropped their price objective on eBay from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $49.13.

eBay Company Profile

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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.