eBay Inc. (NASDAQ:EBAY) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,241 shares of the e-commerce company’s stock after selling 1,323 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in eBay were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of eBay during the 4th quarter worth about $40,805,000. Pictet Asset Management Holding SA raised its stake in eBay by 5.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 286,438 shares of the e-commerce company’s stock worth $17,745,000 after purchasing an additional 14,316 shares during the period. CIBC Private Wealth Group LLC raised its stake in eBay by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,330 shares of the e-commerce company’s stock worth $268,000 after purchasing an additional 1,105 shares during the period. Franklin Resources Inc. grew its stake in shares of eBay by 12.7% during the 4th quarter. Franklin Resources Inc. now owns 883,986 shares of the e-commerce company’s stock valued at $54,763,000 after buying an additional 99,608 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in shares of eBay by 4.6% during the 4th quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company’s stock worth $267,000 after buying an additional 172 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the transaction, the senior vice president directly owned 123,282 shares of the company’s stock, valued at $8,883,700.92. The trade was a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 347,222 shares of company stock worth $25,143,522. Company insiders own 0.64% of the company’s stock.

eBay Trading Down 1.2%

Shares of NASDAQ EBAY opened at $77.56 on Thursday. The stock has a market capitalization of $35.76 billion, a P/E ratio of 18.47, a PEG ratio of 2.19 and a beta of 1.26. The stock’s 50 day moving average price is $76.63 and its two-hundred day moving average price is $70.31. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay Inc. has a 52-week low of $53.74 and a 52-week high of $83.53.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.18 earnings per share. On average, analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. eBay’s dividend payout ratio (DPR) is presently 27.62%.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of research reports. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Piper Sandler increased their target price on shares of eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of eBay from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Truist Financial boosted their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $70.42.

eBay Company 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.