Beacon Pointe Advisors LLC owns $253,000 worth of shares in eBay Inc. (NASDAQ:EBAY)

Beacon Pointe Advisors LLC has reduced its holdings in eBay Inc. stock, according to its latest disclosure to the Securities and Exchange Commission. (NASDAQ:EBAY – Free Report) up 11.0% in the fourth quarter. After selling 714 shares during the period, the company now owned 5,804 shares of the e-commerce company’s stock. Beacon Pointe Advisors LLC’s eBay holdings were worth $253,000, according to its most recent SEC filing.

Several other institutional investors also increased or decreased their stakes in the stock. In the third quarter, Ameriprise Financial Inc. increased its stake in eBay shares by 39.8%. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after purchasing an additional 3,534,030 shares in the last quarter. Nordea Investment Management AB increased its position on eBay by 2.7% in the third quarter. Nordea Investment Management AB now owns 11,167,875 shares of the e-commerce company’s stock valued at $495,407,000 after purchasing an additional 289,071 shares in the last quarter. Invesco Ltd. increased its holdings in eBay by 16.0% during the third quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after acquiring an additional 1,130,089 shares in the last quarter. Northern Trust Corp strengthened its position on eBay by 3.1% in the third quarter. Northern Trust Corp now owns 6,979,291 shares of the e-commerce company’s stock valued at $307,717,000 after acquiring an additional 209,695 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after acquiring an additional 1,141,288 shares in the last quarter. 87.48% of the shares are in the hands of institutional investors.

eBay trade increase by 3.0%

On Friday, eBay shares closed at $54.41. The company has a debt to equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The company has a 50-day moving average of $51.47 and a 200-day moving average of $46.08. eBay Inc. it has a 52-week low of $37.17 and a 52-week high of $54.59. The stock has a market value of $27.53 billion, a PE ratio of 10.84, a PEG ratio of 2.43 and a beta ratio of 1.31.

eBay (NASDAQ:EBAY – Get Free Report) last released quarterly data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, $0.05 above analysts’ consensus estimates of $1.20. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the company saw an EPS of $0.87. The company’s revenue for the quarter increased by 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that eBay Inc. it will record 3.72 EPS for the current year.

eBay announced that on Tuesday, February 27, its board of directors approved a stock repurchase program that allows the company to repurchase $2.00 billion of stock. This repurchase authorization allows the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Share repurchase programs are usually a sign that a company’s management believes its shares are undervalued.

eBay announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14. Stockholders of record on Friday, May 31 will receive a dividend of $0.27. The ex-dividend date for this dividend is Friday, May 31st. This represents an annual dividend of $1.08 and a yield of 1.98%. eBay’s dividend payout ratio is currently 21.51%.

Confidential activity

In related news, Vice President Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction on Friday, May 3. The shares were 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 sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Corporate insiders own 0.21% of the company’s shares.

Changes in analyst ratings

EBAY has been the subject of several analyst reports. Mizuho upped their price target on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Truist Financial increased their target price on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, May 6. On Friday, May 3, StockNews.com downgraded eBay from “buy” to “hold.” Susquehanna increased their price target on shares of eBay from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Finally, BMO Capital Markets raised their target price on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. One analyst gave the company a sell rating, eleven analysts gave a hold rating, and seven gave a buy rating to the company. According to MarketBeat.com, the average rating for the stock is “Hold” and the consensus price target is $51.45.

View our latest stock report on EBAY

Company profile on eBay

(free report)

eBay Inc., together with its subsidiaries, operates marketplaces that connect buyers and sellers in the United States, United Kingdom, China, Germany and around the world. The company’s marketplace includes an online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile applications.

eBay trade increase by 3.0%

eBay announces dividend

Confidential activity

Changes in analyst ratings

Company profile on eBay

See also