Brighton Jones LLC Raises Position in eBay Inc. (NASDAQ:EBAY)

Brighton Jones LLC boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 18.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,093 shares of the e-commerce company’s stock after purchasing an additional 1,858 shares during the period. Brighton Jones LLC’s holdings in eBay were worth $527,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EBAY. Ameriprise Financial Inc. lifted its stake in shares of eBay by 39.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after acquiring an additional 3,534,030 shares during the last quarter. Pacer Advisors Inc. raised its holdings in eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock valued at $254,712,000 after buying an additional 1,491,485 shares during the last quarter. Invesco Ltd. boosted its position in eBay by 16.0% during the 3rd quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after buying an additional 1,130,089 shares during the period. Boston Partners grew its holdings in eBay by 17.7% in the 3rd quarter. Boston Partners now owns 3,980,512 shares of the e-commerce company’s stock worth $175,451,000 after acquiring an additional 599,607 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of eBay by 604.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock valued at $27,522,000 after acquiring an additional 541,384 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EBAY. Truist Financial increased their target price on shares of eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Thursday, February 29th. BMO Capital Markets upped their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Barclays raised their target price on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company increased their price target on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Finally, StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Friday. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.35.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

eBay Price Performance

EBAY opened at $49.39 on Friday. The firm has a market cap of $25.01 billion, a PE ratio of 9.84, a P/E/G ratio of 2.03 and a beta of 1.31. The stock has a 50-day moving average price of $50.70 and a 200-day moving average price of $44.77. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.93. 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 (NASDAQ:EBAY) last issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.63%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts predict that eBay Inc. will post 3.75 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.19%. eBay’s dividend payout ratio is currently 21.51%.

eBay declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.