Vontobel Holding Ltd. Has $23.13 Million Stake in eBay Inc. (NASDAQ:EBAY)

Vontobel Holding Ltd. trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 530,339 shares of the e-commerce company’s stock after selling 49,021 shares during the period. Vontobel Holding Ltd. owned 0.10% of eBay worth $23,133,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its stake 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 acquiring an additional 3,534,030 shares during the period. BlackRock Inc. lifted its stake in shares of eBay by 5.4% in the 1st quarter. BlackRock Inc. now owns 48,038,931 shares of the e-commerce company’s stock valued at $2,131,487,000 after purchasing an additional 2,464,766 shares during the period. Pacer Advisors Inc. lifted its stake in shares of eBay by 34.3% in the 4th 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 lifted its stake in shares of eBay by 82.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,118,490 shares of the e-commerce company’s stock valued at $138,367,000 after purchasing an additional 1,410,871 shares during the period. Finally, Norges Bank acquired a new position in eBay during the 4th quarter worth approximately $50,018,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was 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 approximately $1,372,140.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

eBay Trading Down 0.8 %

EBAY opened at $50.89 on Tuesday. The stock’s fifty day moving average is $48.62 and its two-hundred day moving average is $44.08. The company has a market capitalization of $26.36 billion, a P/E ratio of 9.75, a PEG ratio of 2.07 and a beta of 1.32. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $52.93. 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 quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business posted $0.87 EPS. eBay’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts forecast that eBay Inc. will post 3.69 earnings per share for the current year.

eBay announced that its Board of Directors has approved a share buyback 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 an indication that the company’s board believes its stock is undervalued.

eBay Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays increased their price objective on eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Susquehanna upped their target price on eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Truist Financial upped their target price on eBay from $47.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, February 29th. The Goldman Sachs Group started coverage on eBay in a report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 target price for the company. Finally, BMO Capital Markets increased their price objective on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.21.

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.