First Trust Direct Indexing L.P. Has $565,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Posted by Defense World Staff on Jul 16th, 2023

First Trust Direct Indexing L.P. lifted its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,733 shares of the e-commerce company’s stock after acquiring an additional 514 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in eBay were worth $565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Almanack Investment Partners LLC. acquired a new position in eBay during the third quarter worth approximately $28,000. Romano Brothers AND Company acquired a new position in eBay during the fourth quarter worth approximately $29,000. Stonebridge Capital Advisors LLC acquired a new position in eBay during the fourth quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV increased its position in eBay by 50.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 691 shares of the e-commerce company’s stock worth $31,000 after buying an additional 233 shares during the last quarter. Finally, Gyon Technologies Capital Management LP acquired a new position in eBay during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 85.22% of the company’s stock.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 5,500 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $44.67, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Rebecca Spencer sold 2,193 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 924 shares of the company’s stock, valued at approximately $42,365.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 5,500 shares of the firm’s 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 of the company’s stock, valued at $2,009,345.94. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

eBay Stock Up 0.8 %

NASDAQ EBAY opened at $46.50 on Friday. The business has a fifty day moving average price of $44.75 and a two-hundred day moving average price of $45.04. 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 fifty-two week low of $35.92 and a fifty-two week high of $52.23. The stock has a market capitalization of $24.87 billion, a PE ratio of 38.75, a PEG ratio of 1.41 and a beta of 1.34.

eBay (NASDAQ:EBAY – Get Free Report) last announced its quarterly earnings results on Wednesday, April 26th. The e-commerce company reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.48 billion. eBay had a net margin of 6.51% and a return on equity of 35.65%. Equities analysts expect 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 was paid on Friday, June 16th. Stockholders of record on Thursday, June 1st were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.15%. eBay’s dividend payout ratio (DPR) is presently 83.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EBAY. Barclays boosted their price target on eBay from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, April 27th. Wells Fargo & Company upped their target price on eBay from $45.00 to $46.00 in a research report on Monday, July 10th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Mizuho upped their target price on eBay from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, April 27th. Finally, Wolfe Research decreased their target price on eBay from $52.00 to $51.00 in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $49.23.

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.