Cambridge Trust Co. Has $51,000 Stake in eBay Inc. (NASDAQ:EBAY)

Cambridge Trust Co. grew its holdings in eBay Inc. (NASDAQ:EBAY) by 135.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,175 shares of the e-commerce company’s stock after purchasing an additional 675 shares during the quarter. Cambridge Trust Co.’s holdings in eBay were worth $51,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Smead Capital Management Inc. grew its holdings in eBay by 0.7% in the 4th quarter. Smead Capital Management Inc. now owns 3,270,059 shares of the e-commerce company’s stock valued at $142,640,000 after buying an additional 22,959 shares during the last quarter. Wright Investors Service Inc. bought a new stake in shares of eBay in the fourth quarter valued at approximately $861,000. HF Advisory Group LLC grew its position in eBay by 14.2% in the 4th quarter. HF Advisory Group LLC now owns 7,650 shares of the e-commerce company’s stock worth $334,000 after purchasing an additional 949 shares during the last quarter. Daiwa Securities Group Inc. grew its position in eBay by 0.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 111,025 shares of the e-commerce company’s stock worth $4,843,000 after buying an additional 366 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of eBay by 37.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 522,123 shares of the e-commerce company’s stock valued at $22,775,000 after purchasing an additional 142,002 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EBAY. Barclays increased their price objective on shares of eBay from $55.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Piper Sandler upped their price objective on eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group began coverage on eBay in a research report on Wednesday, January 10th. They set a “sell” rating and a $38.00 target price for the company. Finally, StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $49.21.

eBay Stock Up 0.9 %

Shares of NASDAQ EBAY opened at $50.39 on Friday. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $52.93. The firm’s 50-day simple moving average is $49.23 and its 200 day simple moving average is $44.25. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. The company has a market cap of $26.10 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.51 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. On average, research analysts expect that eBay Inc. will post 3.69 earnings per share for the current fiscal year.

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

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, March 8th. This is a positive change from eBay’s previous quarterly dividend of $0.25. eBay’s payout ratio is currently 20.69%.

eBay Profile

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.