Cerity Partners LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,374 shares of the e-commerce company’s stock after buying an additional 611 shares during the period. Cerity Partners LLC’s holdings in eBay were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in EBAY. The Manufacturers Life Insurance Company increased its position in eBay by 182.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,017,024 shares of the e-commerce company’s stock valued at $249,526,000 after buying an additional 3,889,380 shares in the last quarter. Boston Partners acquired a new position in eBay during the 1st quarter valued at about $124,114,000. Pacer Advisors Inc. increased its position in eBay by 11,074.0% during the 1st quarter. Pacer Advisors Inc. now owns 2,567,680 shares of the e-commerce company’s stock valued at $113,928,000 after buying an additional 2,544,701 shares in the last quarter. Truist Financial Corp increased its position in eBay by 153.5% during the 1st quarter. Truist Financial Corp now owns 3,512,934 shares of the e-commerce company’s stock valued at $155,869,000 after buying an additional 2,127,393 shares in the last quarter. Finally, Senvest Management LLC increased its position in eBay by 43.3% during the 4th quarter. Senvest Management LLC now owns 6,449,555 shares of the e-commerce company’s stock valued at $267,463,000 after buying an additional 1,947,586 shares in the last quarter. 85.87% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CAO Rebecca Spencer sold 2,193 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was 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 accessible through this hyperlink. In related news, SVP Edward O. Garcia sold 1,181 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $43.31, for a total value of $51,149.11. Following the completion of the sale, the senior vice president now owns 21,728 shares of the company’s stock, valued at $941,039.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Rebecca Spencer sold 2,193 shares of the 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 completion of the sale, the chief accounting officer now directly owns 924 shares of the company’s stock, valued at approximately $42,365.40. The disclosure for this sale can be found here. Insiders have sold a total of 9,053 shares of company stock worth $397,940 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.
eBay Stock Performance
eBay (NASDAQ:EBAY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The e-commerce company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.51 billion. eBay had a return on equity of 34.71% and a net margin of 13.49%. eBay’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 earnings per share. Analysts expect that eBay Inc. will post 3.27 EPS for the current fiscal year.
eBay Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders 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 dividend yield of 2.23%. eBay’s dividend payout ratio (DPR) is presently 40.49%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Bank of America cut their price objective on eBay from $54.00 to $52.00 in a report on Thursday, July 27th. Wolfe Research cut their price objective on eBay from $52.00 to $51.00 in a report on Monday, July 10th. Credit Suisse Group increased their price objective on eBay from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Monday, July 24th. TheStreet lowered eBay from a “b-” rating to a “c” rating in a report on Wednesday, July 26th. Finally, Jefferies Financial Group increased their price objective on eBay from $47.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.29.
Check Out Our Latest Stock Analysis on eBay
About eBay
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.
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