Vestmark Advisory Solutions Inc. Boosts Stock Position in eBay Inc. (NASDAQ:EBAY)

Posted by Defense World Staff on Aug 18th, 2023

Vestmark Advisory Solutions Inc. boosted its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 38.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,041 shares of the e-commerce company’s stock after acquiring an additional 1,963 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in eBay were worth $312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC bought a new position in eBay in the 4th quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV lifted its position in eBay by 50.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 691 shares of the e-commerce company’s stock valued at $31,000 after acquiring an additional 233 shares in the last quarter. Gyon Technologies Capital Management LP bought a new position in eBay in the 4th quarter valued at approximately $32,000. Almanack Investment Partners LLC. bought a new position in eBay in the 3rd quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC lifted its position in eBay by 82.4% in the 1st quarter. Global Retirement Partners LLC now owns 1,149 shares of the e-commerce company’s stock valued at $51,000 after acquiring an additional 519 shares in the last quarter. 85.22% of the stock is owned by institutional investors.

eBay Trading Up 0.0 %

Shares of eBay stock opened at $42.95 on Friday. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.48 and a beta of 1.36. The business has a 50-day moving average price of $45.15 and a 200-day moving average price of $45.06. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.47. eBay Inc. has a twelve month low of $35.92 and a twelve month high of $52.23.

eBay (NASDAQ:EBAY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 26th. The e-commerce company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a return on equity of 34.71% and a net margin of 13.49%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Equities research analysts anticipate that eBay Inc. will post 3.27 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.25 dividend. The ex-dividend date is Thursday, August 31st. This represents a $1.00 annualized dividend and a yield of 2.33%. eBay’s dividend payout ratio is currently 40.49%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EBAY. JPMorgan Chase & Co. lowered their price target on eBay from $49.00 to $48.00 in a report on Thursday, July 27th. UBS Group increased 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. Credit Suisse Group increased their price target on eBay from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Jefferies Financial Group increased their price target on eBay from $47.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday, July 25th. Finally, Sanford C. Bernstein increased their price target on eBay from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.29.

Get Our Latest Stock Report on EBAY

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 5,679 shares of eBay stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $43.36, for a total value of $246,241.44. Following the completion of the transaction, the senior vice president now owns 17,988 shares in the company, valued at $779,959.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Rebecca Spencer sold 2,193 shares of eBay stock in a transaction dated Monday, June 12th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Edward O. Garcia sold 5,679 shares of eBay stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $43.36, for a total value of $246,241.44. Following the completion of the transaction, the senior vice president now owns 17,988 shares of the company’s stock, valued at approximately $779,959.68. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

eBay Company Profile

(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.