D.A. Davidson & CO. Boosts Stake in eBay Inc. (NASDAQ:EBAY)

Posted by Defense World Staff on Jul 13th, 2023

D.A. Davidson & CO. grew its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 18.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,702 shares of the e-commerce company’s stock after acquiring an additional 6,600 shares during the period. D.A. Davidson & CO.’s holdings in eBay were worth $1,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EBAY. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of eBay by 15.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 16,956 shares of the e-commerce company’s stock valued at $703,000 after purchasing an additional 2,295 shares in the last quarter. Handelsbanken Fonder AB raised its stake in eBay by 97.1% during the fourth quarter. Handelsbanken Fonder AB now owns 596,245 shares of the e-commerce company’s stock valued at $24,726,000 after buying an additional 293,769 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in eBay by 8.5% during the 4th quarter. Fisher Asset Management LLC now owns 10,185 shares of the e-commerce company’s stock worth $422,000 after buying an additional 797 shares during the last quarter. Fifth Third Bancorp grew its position in shares of eBay by 19.0% in the 1st quarter. Fifth Third Bancorp now owns 39,683 shares of the e-commerce company’s stock worth $1,761,000 after acquiring an additional 6,338 shares in the last quarter. Finally, Ieq Capital LLC grew its position in shares of eBay by 36.5% in the 4th quarter. Ieq Capital LLC now owns 25,649 shares of the e-commerce company’s stock worth $1,064,000 after acquiring an additional 6,855 shares in the last quarter. 85.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the topic of several research reports. UBS Group upped their price target on eBay from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, April 27th. Sanford C. Bernstein raised their price target on shares of eBay from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, April 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Barclays raised their target price on shares of eBay from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, April 27th. Finally, Wells Fargo & Company upped their target price on eBay from $45.00 to $46.00 in a report on Monday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.70.

Insider Activity at eBay

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

eBay Price Performance

NASDAQ EBAY opened at $46.41 on Thursday. The firm has a market capitalization of $24.82 billion, a PE ratio of 38.68, a P/E/G ratio of 1.36 and a beta of 1.34. 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 Inc. has a 12 month low of $35.92 and a 12 month high of $52.23. The company’s 50 day simple moving average is $44.69 and its 200 day simple moving average is $44.95.

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

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Thursday, June 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.15%. eBay’s payout ratio is currently 83.33%.

About eBay

(Free Report)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.