MGO One Seven LLC raised its holdings in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,103 shares of the e-commerce company’s stock after buying an additional 395 shares during the period. MGO One Seven LLC’s holdings in eBay were worth $336,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in eBay in the 3rd quarter worth approximately $1,921,000. Alta Advisers Ltd acquired a new position in eBay in the 3rd quarter worth approximately $74,000. Louisiana State Employees Retirement System acquired a new position in eBay in the 3rd quarter worth approximately $2,386,000. Aigen Investment Management LP boosted its stake in eBay by 41.1% in the 3rd quarter. Aigen Investment Management LP now owns 47,227 shares of the e-commerce company’s stock worth $1,738,000 after purchasing an additional 13,755 shares during the period. Finally, Clarius Group LLC boosted its stake in eBay by 5.9% in the 3rd quarter. Clarius Group LLC now owns 9,734 shares of the e-commerce company’s stock worth $358,000 after purchasing an additional 538 shares during the period. 85.51% of the stock is currently owned by institutional investors.
eBay Stock Performance
NASDAQ EBAY opened at $43.57 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of -20.46, a P/E/G ratio of 1.44 and a beta of 1.35. The company’s fifty day moving average is $45.62 and its two-hundred day moving average is $43.30. eBay Inc. has a 52-week low of $35.92 and a 52-week high of $56.23.
eBay Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.30%. This is a positive change from eBay’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 9th. eBay’s dividend payout ratio (DPR) is currently -46.95%.
Wall Street Analysts Forecast Growth
EBAY has been the subject of a number of recent analyst reports. Benchmark decreased their price objective on shares of eBay from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. Citigroup initiated coverage on shares of eBay in a research note on Tuesday, December 13th. They set a “neutral” rating and a $47.00 target price for the company. Susquehanna lifted their target price on shares of eBay from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, February 27th. Piper Sandler lifted their target price on shares of eBay from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Finally, Credit Suisse Group lifted their target price on shares of eBay from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.13.
eBay 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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