OLD National Bancorp IN Purchases 404 Shares of eBay Inc. (NASDAQ:EBAY)

Posted by on Apr 26th, 2023

OLD National Bancorp IN increased its position in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,947 shares of the e-commerce company’s stock after purchasing an additional 404 shares during the quarter. OLD National Bancorp IN’s holdings in eBay were worth $413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC lifted its position in eBay by 49.0% during the third quarter. Eagle Bay Advisors LLC now owns 736 shares of the e-commerce company’s stock worth $27,000 after purchasing an additional 242 shares during the period. Almanack Investment Partners LLC. acquired a new position in eBay during the third quarter worth about $28,000. Romano Brothers AND Company acquired a new position in eBay during the fourth quarter worth about $29,000. Guardian Wealth Advisors LLC acquired a new position in eBay during the third quarter worth about $40,000. Finally, General Partner Inc. acquired a new position in eBay during the fourth quarter worth about $48,000. Institutional investors own 85.51% of the company’s stock.

eBay Price Performance

eBay stock opened at $44.01 on Wednesday. The stock has a market capitalization of $23.63 billion, a price-to-earnings ratio of -20.66, a PEG ratio of 1.40 and a beta of 1.35. eBay Inc. has a 52-week low of $35.92 and a 52-week high of $54.49. The stock’s 50 day moving average price is $44.28 and its two-hundred day moving average price is $43.77. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.18 and a current ratio of 2.18.

eBay (NASDAQ:EBAY – Get Rating) last issued its earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. eBay had a positive return on equity of 34.14% and a negative net margin of 12.96%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the business earned $0.89 EPS. eBay’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts predict that eBay Inc. will post 3.35 earnings per share for the current year.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were issued a $0.25 dividend. This is a boost from eBay’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, March 9th. eBay’s dividend payout ratio (DPR) is currently -46.95%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EBAY shares. Morgan Stanley boosted their target price on eBay from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 28th. Bank of America boosted their target price on eBay from $44.00 to $52.00 in a research note on Tuesday, February 21st. Credit Suisse Group boosted their target price on eBay from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 21st. UBS Group upped their price objective on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Finally, Piper Sandler upped their price objective on eBay from $52.00 to $53.00 and gave the company an “overweight” rating 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $49.13.

eBay 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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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