eBay Inc. (NASDAQ:EBAY) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 34.2% in the fourth quarter, HoldingsChannel reports. The fund owned 16,882 shares of the e-commerce company’s stock after selling 8,788 shares during the quarter. SVB Wealth LLC’s holdings in eBay were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cullen Investment Group LTD. acquired a new position in shares of eBay during the 4th quarter valued at about $208,000. Cornercap Investment Counsel Inc. increased its position in eBay by 4.3% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 52,004 shares of the e-commerce company’s stock worth $2,268,000 after purchasing an additional 2,144 shares in the last quarter. Strs Ohio increased its position in eBay by 4.9% during the 4th quarter. Strs Ohio now owns 28,563 shares of the e-commerce company’s stock worth $1,245,000 after purchasing an additional 1,343 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in eBay during the 4th quarter worth approximately $1,370,000. Finally, Simplicity Solutions LLC increased its position in eBay by 12.0% during the 4th quarter. Simplicity Solutions LLC now owns 48,117 shares of the e-commerce company’s stock worth $2,099,000 after purchasing an additional 5,161 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

eBay stock opened at $50.39 on Friday. The company has a market cap of $26.10 billion, a PE ratio of 9.65, a P/E/G ratio of 2.00 and a beta of 1.33. The company has a fifty day moving average price of $49.23 and a two-hundred day moving average price of $44.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $52.93.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. Research analysts expect that eBay Inc. will post 3.69 earnings per share for the current year.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, March 8th. This is an increase from eBay’s previous quarterly dividend of $0.25. eBay’s payout ratio is currently 20.69%.

eBay announced that its board has initiated a share repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EBAY shares. Wells Fargo & Company increased their target price on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Barclays increased their target price on shares of eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Mizuho increased their target price on shares of eBay from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Morgan Stanley upgraded eBay from an “underweight” rating to an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $49.21.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.