eBay Inc. (NASDAQ:EBAY) Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,137 shares of the e-commerce company’s stock after purchasing an additional 365 shares during the period. Valeo Financial Advisors LLC’s holdings in eBay were worth $311,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. lifted its holdings in eBay by 39.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after buying an additional 3,534,030 shares in the last quarter. BlackRock Inc. raised its stake in shares of eBay by 5.4% in the first quarter. BlackRock Inc. now owns 48,038,931 shares of the e-commerce company’s stock valued at $2,131,487,000 after acquiring an additional 2,464,766 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in eBay by 34.3% in the fourth quarter. 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 during the period. Arrowstreet Capital Limited Partnership grew its stake in eBay by 82.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,118,490 shares of the e-commerce company’s stock worth $138,367,000 after purchasing an additional 1,410,871 shares in the last quarter. Finally, Norges Bank acquired a new stake in eBay in the 4th quarter valued at about $50,018,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction dated 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 directly owns 31,888 shares in the company, valued at $1,372,140.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.21% of the company’s stock.

eBay Trading Down 0.8 %

Shares of eBay stock opened at $50.89 on Tuesday. The firm has a market cap of $26.36 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93. The company’s 50-day simple moving average is $48.62 and its 200-day simple moving average is $44.08. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.87 EPS. As a group, equities research analysts anticipate that eBay Inc. will post 3.69 earnings per share for the current year.

eBay declared that its board has initiated a stock repurchase program on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a dividend of $0.27 per share. This is a positive change from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, March 8th. eBay’s payout ratio is presently 20.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EBAY. Mizuho boosted their price objective on eBay from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Truist Financial increased their price objective on shares of eBay from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. BMO Capital Markets lifted their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.21.

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.