Oppenheimer Asset Management Inc. Has $760,000 Stake in eBay Inc. (NASDAQ:EBAY)

Posted by on May 6th, 2023

Oppenheimer Asset Management Inc. decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 19.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,327 shares of the e-commerce company’s stock after selling 4,351 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in eBay were worth $760,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EBAY. Eagle Bay Advisors LLC boosted its holdings 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 last quarter. Almanack Investment Partners LLC. acquired a new stake in eBay in the third quarter valued at $28,000. Romano Brothers AND Company acquired a new stake in eBay in the fourth quarter valued at $29,000. Guardian Wealth Advisors LLC acquired a new stake in eBay in the third quarter valued at $40,000. Finally, General Partner Inc. acquired a new stake in eBay in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 85.51% of the company’s stock.

eBay Price Performance

EBAY stock opened at $45.63 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.43. eBay Inc. has a 12 month low of $35.92 and a 12 month high of $52.23. The firm has a market cap of $24.39 billion, a P/E ratio of 38.03, a P/E/G ratio of 1.37 and a beta of 1.35. The company’s 50-day moving average price is $43.78 and its two-hundred day moving average price is $44.15.

eBay (NASDAQ:EBAY – Get Rating) last released its earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. eBay had a net margin of 6.51% and a return on equity of 35.65%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the firm earned $0.89 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts anticipate that eBay Inc. will post 3.35 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Thursday, June 1st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. eBay’s payout ratio is currently 83.33%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Credit Suisse Group increased their price target 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. Benchmark increased their price target on shares of eBay from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Sanford C. Bernstein increased their price target on shares of eBay from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Susquehanna increased their price objective on shares of eBay from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, February 27th. Finally, Morgan Stanley increased their price objective on shares of eBay from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Tuesday, February 28th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus price target of $49.67.

About eBay

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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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