Vanguard Group Inc. sells 1,544,369 shares of eBay Inc. (NASDAQ:EBAY)

According to the latest information filed with the Securities and Exchange Commission, Vanguard Group Inc. reduced its shares in eBay Inc. (NASDAQ:EBAY – Free Report) up 2.6%. The institutional investor owned 58,404,254 shares of the e-commerce company after selling 1,544,369 shares during the period. Vanguard Group Inc. owned approximately 11.27% of eBay worth $2,547,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently changed their positions in the industry. Fisher Asset Management LLC increased its holdings in shares of eBay by 43.8% during the 4th quarter. Fisher Asset Management LLC now owns 8,633 shares of the e-commerce company’s stock valued at $377,000 after purchasing an additional 2,629 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of eBay by 2.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 209,264 shares of the e-commerce company’s stock valued at $9,128,000 after purchasing an additional 4,093 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of eBay by 30.2% during the fourth quarter. V Square Quantitative Management LLC now owns 10,064 shares of the e-commerce company’s stock valued at $439,000 after purchasing an additional 2,336 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of eBay by 221.6% during the 4th quarter. Paloma Partners Management Co now owns 35,127 shares of the e-commerce company’s stock valued at $1,532,000 after purchasing an additional 64,008 shares in the last quarter. Finally, Harris Associates LP increased its holdings in shares of eBay by 0.7% in the fourth quarter. Harris Associates LP now owns 4,577,264 shares of the e-commerce company’s stock valued at $199,660,000 after purchasing an additional 30,545 shares in the last quarter. 87.48% of the shares are in the hands of institutional investors.

The Wall Street analyst concludes

Recently, many research companies have commented on EBAY. UBS Group increased their target price on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28. Truist Financial raised their target price on shares of eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, May 6. On Monday, Benchmark reissued a “buy” rating and set a $58.00 price target for eBay shares in a research report on Monday. Susquehanna increased their target price on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Finally, Jefferies Financial Group upped their target price on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. One analyst rated the company’s shares with a sell recommendation, ten of them issued a hold recommendation, eight of them gave the company’s shares a buy recommendation, and one gave a strong buy recommendation. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.67.

Check out our latest analysis of the eBay stock

eBay Pricing Performance

Shares of NASDAQ:EBAY opened at $53.14 on Tuesday. The company has a 50-day moving average of $51.93 and a 200-day moving average of $47.55. The company’s market value is $26.68 billion, P/E ratio is 10.59, P/E/G ratio is 2.40 and beta is 1.32. eBay Inc. it has a 12 month low of $37.17 and a 12 month high of $55.15. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98.

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

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14. On Friday, May 31, shareholders of record received a dividend of $0.27 per share. The ex-dividend date was Friday, May 31. This represents an annual dividend of $1.08 and a yield of 2.03%. eBay’s payout rate is currently 21.51%.

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 authority allows the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Share repurchase programs often indicate that a company’s management believes its shares are undervalued.

Insider buying and selling on eBay

In other eBay news, Vice President Marie Oh Huber sold 49,070 shares of eBay stock in a transaction that occurred on Friday, May 3. The shares were sold at an average price of $49.63, for a total transaction amount of $2,435,344.10. Following the completion of the sale, the senior vice president now directly 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 SEC, which is available on the SEC’s website. In other eBay news, Vice President Marie Oh Huber sold 49,070 shares of eBay stock in a transaction that occurred on Friday, May 3. The shares were sold at an average price of $49.63, for a total transaction amount of $2,435,344.10. Following the completion of the sale, the senior vice president now directly 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 SEC, which is available on the SEC’s website. Additionally, Vice President Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction amount of $402,109.80. Following the completion of the sale, the senior vice president now owns 70,797 shares of the company’s stock valued at $3,837,197.40. The announcement of this sale can be found here. Over the last three months, insiders sold a total of 58,572 shares of company stock worth $2,949,144. 0.38% of the shares are owned by insiders.

About 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.

The Wall Street analyst concludes

eBay Pricing Performance

eBay Dividend Announcement

Insider buying and selling on eBay

About eBay

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