Sequoia Financial Advisors LLC Boosts Stock Position in eBay Inc. (NASDAQ:EBAY)

Sequoia Financial Advisors LLC lifted its stake in eBay Inc. (NASDAQ:EBAY) by 35.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,401 shares of the e-commerce company’s stock after acquiring an additional 4,280 shares during the period. Sequoia Financial Advisors LLC’s holdings in eBay were worth $715,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC purchased a new position in shares of eBay in the fourth quarter worth about $25,000. SkyView Investment Advisors LLC purchased a new position in eBay in the 1st quarter worth approximately $27,000. Almanack Investment Partners LLC. purchased a new stake in shares of eBay during the third quarter valued at approximately $28,000. Stonebridge Capital Advisors LLC purchased a new position in shares of eBay in the fourth quarter worth $29,000. Finally, Gyon Technologies Capital Management LP bought a new stake in eBay during the 4th quarter valued at $32,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Down 0.8 %

NASDAQ EBAY opened at $50.89 on Tuesday. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $52.93. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.09. The stock’s fifty day moving average price is $48.62 and its 200-day moving average price is $44.08. The stock has a market cap of $26.36 billion, a P/E ratio of 9.75, a P/E/G ratio of 2.07 and a beta of 1.33.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 27.36% and a return on equity of 29.16%. eBay’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, equities analysts forecast that eBay Inc. will post 3.69 EPS for the current fiscal year.

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

eBay Increases Dividend

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

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EBAY shares. Barclays boosted their price objective on shares of eBay from $55.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Piper Sandler boosted their target price on eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. BMO Capital Markets lifted their price target on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Mizuho raised their target price on shares of eBay from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus price target of $49.21.

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.