Principal Securities Inc. Takes $897,000 Position in eBay Inc. (NASDAQ:EBAY)

Principal Securities Inc. bought a new position in shares of eBay Inc. (NASDAQ:EBAYFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,561 shares of the e-commerce company’s stock, valued at approximately $897,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in eBay during the third quarter worth about $1,200,000. Park Avenue Securities LLC acquired a new stake in shares of eBay during the 3rd quarter worth approximately $463,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of eBay by 1.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,875 shares of the e-commerce company’s stock valued at $2,287,000 after purchasing an additional 597 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of eBay by 7.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,661 shares of the e-commerce company’s stock valued at $602,000 after purchasing an additional 927 shares during the period. Finally, Summit Trail Advisors LLC boosted its holdings in eBay by 5.8% during the third quarter. Summit Trail Advisors LLC now owns 5,560 shares of the e-commerce company’s stock worth $245,000 after buying an additional 307 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EBAY. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. UBS Group upped their price target on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. BMO Capital Markets raised their price objective on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. TD Cowen upped their target price on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, Piper Sandler lifted their price target on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.45.

Read Our Latest Stock Analysis on eBay

eBay Stock Up 0.4 %

EBAY stock opened at $51.22 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average of $51.19 and a two-hundred day moving average of $45.16. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $52.93. The company has a market cap of $25.92 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 1.99 and a beta of 1.31.

eBay (NASDAQ:EBAYGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. As a group, analysts forecast that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s payout ratio is currently 21.51%.

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

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay 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 sale, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

About eBay

(Free Report)

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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