CVA Family Office LLC Buys 806 Shares of eBay Inc. (NASDAQ:EBAY)

Posted by Defense World Staff on Jun 17th, 2023

CVA Family Office LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 114.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,508 shares of the e-commerce company’s stock after acquiring an additional 806 shares during the quarter. CVA Family Office LLC’s holdings in eBay were worth $63,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EBAY. American Century Companies Inc. lifted its position in shares of eBay by 9.5% during the 1st quarter. American Century Companies Inc. now owns 41,990 shares of the e-commerce company’s stock worth $2,404,000 after purchasing an additional 3,655 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of eBay by 21.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,176 shares of the e-commerce company’s stock worth $526,000 after purchasing an additional 1,638 shares during the last quarter. Sei Investments Co. lifted its position in shares of eBay by 34.7% during the 1st quarter. Sei Investments Co. now owns 461,862 shares of the e-commerce company’s stock worth $26,460,000 after purchasing an additional 118,952 shares during the last quarter. Aviva PLC lifted its position in shares of eBay by 6.2% during the 1st quarter. Aviva PLC now owns 223,976 shares of the e-commerce company’s stock worth $12,825,000 after purchasing an additional 13,127 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of eBay by 17.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,715 shares of the e-commerce company’s stock worth $614,000 after purchasing an additional 1,555 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several research analyst reports. Bank of America boosted their price objective on eBay from $44.00 to $52.00 in a research report on Tuesday, February 21st. Cowen cut their price target on eBay from $48.00 to $46.00 in a report on Thursday, February 23rd. TheStreet raised eBay from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Piper Sandler upped their price target on eBay from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. Finally, UBS Group upped their price target on eBay from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $49.43.

eBay Stock Down 1.2 %

NASDAQ EBAY opened at $45.06 on Friday. The firm has a market cap of $24.10 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 1.38 and a beta of 1.35. eBay Inc. has a one year low of $35.92 and a one year high of $52.23. The stock’s 50 day simple moving average is $44.45 and its 200 day simple moving average is $44.71. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.68 and a quick ratio of 2.68.

eBay (NASDAQ:EBAY – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The e-commerce company reported $0.87 EPS for the quarter, hitting analysts’ consensus estimates of $0.87. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.48 billion. eBay had a return on equity of 35.65% and a net margin of 6.51%. As a group, sell-side analysts forecast that eBay Inc. will post 3.35 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Thursday, June 1st were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. eBay’s dividend payout ratio (DPR) is presently 83.33%.

Insider Buying and Selling

In related news, CAO Rebecca Spencer sold 2,193 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $45.85, for a total transaction of $100,549.05. Following the sale, the chief accounting officer now directly owns 924 shares in the company, valued at approximately $42,365.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other eBay news, SVP Cornelius Boone sold 5,500 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $44.67, for a total value of $245,685.00. Following the transaction, the senior vice president now directly owns 44,982 shares in the company, valued at approximately $2,009,345.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Rebecca Spencer sold 2,193 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $45.85, for a total value of $100,549.05. Following the completion of the transaction, the chief accounting officer now owns 924 shares in the company, valued at $42,365.40. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

About eBay

(Get Rating)

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.