Kestra Private Wealth Services LLC Takes $259,000 Position in eBay Inc. (NASDAQ:EBAY)

Kestra Private Wealth Services LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,929 shares of the e-commerce company’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $25,000. First Command Advisory Services Inc. acquired a new stake in shares of eBay in the third quarter valued at approximately $46,000. Cambridge Trust Co. raised its holdings in shares of eBay by 135.0% in the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock valued at $51,000 after purchasing an additional 675 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of eBay in the third quarter valued at approximately $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of eBay in the third quarter valued at approximately $71,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

eBay Trading Down 0.8 %

Shares of eBay stock opened at $49.69 on Thursday. The firm has a 50-day moving average of $51.03 and a 200-day moving average of $44.98. The stock has a market cap of $25.14 billion, a PE ratio of 9.90, a PEG ratio of 1.93 and a beta of 1.31. 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 0.98, a quick ratio of 1.99 and a current ratio of 1.99.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. eBay’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that eBay Inc. will post 3.75 EPS for the current year.

eBay declared that its board has initiated a stock buyback plan on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 annualized dividend and a yield of 2.17%. eBay’s dividend payout ratio is 21.51%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EBAY. The Goldman Sachs Group began coverage on shares of eBay in a report on Wednesday, January 10th. They set a “sell” rating and a $38.00 target price on the stock. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. TD Cowen boosted their target price on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. UBS Group boosted 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. Finally, Piper Sandler boosted their target price on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.45.

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.