Yousif Capital Management LLC Sells 6,530 Shares of eBay Inc. (NASDAQ:EBAY)

Yousif Capital Management LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,346 shares of the e-commerce company’s stock after selling 6,530 shares during the quarter. Yousif Capital Management LLC’s holdings in eBay were worth $3,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SteelPeak Wealth LLC acquired a new stake in shares of eBay in the 4th quarter valued at $1,767,000. Allspring Global Investments Holdings LLC boosted its stake in shares of eBay by 604.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after acquiring an additional 541,384 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of eBay during the 3rd quarter valued at about $798,000. Sapient Capital LLC bought a new position in shares of eBay in the 4th quarter valued at approximately $955,000. Finally, Schroder Investment Management Group lifted its holdings in eBay by 1.6% in the 3rd quarter. Schroder Investment Management Group now owns 2,785,607 shares of the e-commerce company’s stock worth $122,817,000 after purchasing an additional 43,616 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other 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 value of $50,129.95. Following the sale, 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 SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. UBS Group lifted their target price on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Wells Fargo & Company upped their price target on shares of eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Mizuho increased their target price on eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. 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 research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.17.

eBay Price Performance

NASDAQ:EBAY opened at $52.02 on Friday. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 2.04 and a beta of 1.33. The company has a 50-day moving average of $50.11 and a 200-day moving average of $44.55. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $52.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the company earned $0.87 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that eBay Inc. will post 3.75 earnings per share for the current fiscal year.

eBay announced that its board has approved a share buyback program on Tuesday, February 27th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors 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 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 yield of 2.08%. The ex-dividend date was Friday, March 8th. eBay’s dividend payout ratio is currently 20.69%.

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.