D. A. Davidson & CO. sells 6,695 shares of eBay Inc. (NASDAQ:EBAY)

DA Davidson & CO., according to its latest disclosure to the Securities and Exchange Commission (SEC). reduced its shares in eBay Inc. (NASDAQ:EBAY – Free Report) up 18.7% in the fourth quarter. The company owned 29,166 shares of the e-commerce company’s stock after selling 6,695 shares during the period. According to a recent SEC filing, DA Davidson & CO.’s holdings. they were worth $1,272,000 on eBay.

Several other large investors have also recently bought and sold EBAY stock. In the third quarter, Ameriprise Financial Inc. increased its position on eBay 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 acquiring an additional 3,534,030 shares during the period. In the fourth quarter, Pacer Advisors Inc. increased its shares in eBay by 34.3%. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock valued at $254,712,000 after purchasing an additional 1,491,485 shares in the last quarter. Norges Bank acquired a new position on eBay during the fourth quarter worth $53,019,000. Dimensional Fund Advisors LP increased its holdings in 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 purchasing an additional 1,141,288 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in eBay by 16.0% in the third quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after purchasing an additional 1,130,089 shares in the last quarter. Currently, 87.48% of the shares are in the hands of institutional investors.

Insider Activity on eBay

In related news, VP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. 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 transaction, 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 legal filing with the Securities and Exchange Commission, available on the SEC’s website. Insiders own 0.21% of the company’s shares.

Wall Street analysts predict growth

EBAY has been the subject of many recent analyst reports. Mizuho increased their price target on eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company increased their target price on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4. TD Cowen raised their target price on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird raised their price target on eBay from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, May 2. Finally, Benchmark reaffirmed a “buy” rating and set a $58.00 price target on shares of eBay in a research note on Thursday, May 2nd. One analyst rated the company with a sell rating, eleven with a hold rating, and seven with a buy rating. According to MarketBeat data, the company currently has an average rating of “Hold” and an average price target of $51.45.

See our latest analysis on EBAY

eBay inventory increase by 3.0%

On Monday, eBay shares closed at $54.41. The company has a debt to equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market capitalization of $27.53 billion, a P/E ratio of 10.84, a price-to-earnings ratio of 2.51 and a beta of 1.31. eBay Inc. it has a 1-year low of $37.17 and a 1-year high of $54.59. The company has a 50-day moving average of $51.47 and a two-hundred-day moving average of $46.12.

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, which topped analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay achieved a return on equity of 29.11% and a net margin of 25.97%. eBay’s quarterly revenue increased 1.8% year-over-year. During the same period last year, the company earned $0.87 per share. As a group, stock analysts predict that eBay Inc. it will record 3.72 EPS for the current year.

eBay announced that its board of directors initiated a stock repurchase plan on Tuesday, February 27, which allows the company to repurchase $2.00 billion of stock. This repurchase authority allows the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Stock repurchase plans usually indicate that a company’s management believes its stock is undervalued.

eBay Dividend Announcement

Recently, the company also declared a quarterly dividend, which will be paid on Friday, June 14. Investors of record will receive a dividend of $0.27 per share on Friday, May 31. The ex-dividend date is Friday, May 31. This represents an annual dividend of $1.08 and a yield of 1.98%. eBay’s Dividend Payout Ratio (DPR) is currently 21.51%.

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.

Insider Activity on eBay

Wall Street analysts predict growth

eBay inventory increase by 3.0%

eBay Dividend Announcement

Company profile on eBay

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