eBay Inc. (NASDAQ:EBAY) Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its stake in eBay Inc. (NASDAQ:EBAY) by 16.9% in the 4th quarter, Holdings Channel reports. The firm owned 13,096 shares of the e-commerce company’s stock after selling 2,661 shares during the period. Greenleaf Trust’s holdings in eBay were worth $571,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. CWM LLC increased its holdings in eBay by 8.8% in the 3rd quarter. CWM LLC now owns 14,092 shares of the e-commerce company’s stock valued at $621,000 after purchasing an additional 1,145 shares during the last quarter. Ritholtz Wealth Management increased its holdings in eBay by 13.2% in the 3rd quarter. Ritholtz Wealth Management now owns 12,242 shares of the e-commerce company’s stock valued at $540,000 after purchasing an additional 1,430 shares during the last quarter. HB Wealth Management LLC increased its holdings in eBay by 16.5% in the 3rd quarter. HB Wealth Management LLC now owns 11,867 shares of the e-commerce company’s stock valued at $523,000 after purchasing an additional 1,677 shares during the last quarter. Caprock Group LLC increased its holdings in eBay by 8.8% in the 3rd quarter. Caprock Group LLC now owns 8,403 shares of the e-commerce company’s stock valued at $370,000 after purchasing an additional 678 shares during the last quarter. Finally, Czech National Bank increased its holdings in eBay by 46.9% in the 3rd quarter. Czech National Bank now owns 93,011 shares of the e-commerce company’s stock valued at $4,101,000 after purchasing an additional 29,708 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft boosted 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. The Goldman Sachs Group initiated coverage on shares of eBay in a research note on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price target for the company. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. Truist Financial boosted their price target on shares of eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, February 29th. Finally, Barclays boosted their price target on shares of eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.21.

eBay Stock Performance

NASDAQ EBAY opened at $50.94 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.93. The company has a market capitalization of $26.39 billion, a PE ratio of 9.76, a P/E/G ratio of 2.03 and a beta of 1.32. The company has a fifty day moving average of $49.38 and a two-hundred day moving average of $44.33.

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

eBay announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

eBay Increases Dividend

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

About eBay

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.