Copeland Capital Management LLC raised its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 980.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,440 shares of the e-commerce company’s stock after buying an additional 115,643 shares during the period. Copeland Capital Management LLC’s holdings in eBay were worth $11,600,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of EBAY. Cedar Mountain Advisors LLC raised its stake in eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 156 shares in the last quarter. High Point Wealth Management LLC purchased a new stake in eBay in the fourth quarter valued at $26,000. Abound Financial LLC acquired a new position in eBay in the fourth quarter valued at $26,000. Jessup Wealth Management Inc acquired a new position in eBay in the fourth quarter valued at $27,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of eBay during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Stock Up 1.0%
Shares of eBay stock opened at $112.06 on Friday. eBay Inc. has a one year low of $76.85 and a one year high of $119.31. The company has a market cap of $49.75 billion, a P/E ratio of 25.41, a PEG ratio of 2.47 and a beta of 1.37. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a fifty day moving average of $111.60 and a two-hundred day moving average of $99.35.
eBay Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s payout ratio is presently 28.12%.
Insider Transactions at eBay
In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $115.61, for a total value of $116,766.10. Following the completion of the sale, the senior vice president directly owned 32,146 shares of the company’s stock, valued at $3,716,399.06. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of eBay stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the sale, the senior vice president owned 29,217 shares in the company, valued at approximately $3,419,557.68. This trade represents a 63.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 76,012 shares of company stock valued at $8,747,852. Corporate insiders own 0.67% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on EBAY. Barclays boosted their target price on eBay from $104.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets raised their price target on eBay from $120.00 to $130.00 in a research note on Thursday, April 30th. Daiwa Securities Group lifted their price target on eBay from $90.00 to $114.00 in a research report on Monday, May 11th. TD Cowen boosted their price objective on eBay from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a report on Friday, June 12th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.52.
Check Out Our Latest Analysis on eBay
Trending Headlines about eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Wedbush initiated coverage on eBay with an Outperform rating and a $135 price target, implying meaningful upside from current levels. This kind of analyst support can help reinforce investor confidence in the stock. Benzinga coverage
- Positive Sentiment: The UK competition watchdog cleared eBay’s $1.2 billion Depop acquisition, removing a regulatory hurdle and signaling progress on eBay’s growth-by-acquisition strategy. Retail Insight Network article
- Neutral Sentiment: Coverage also noted that eBay currently has a “Hold” consensus from brokerages, which suggests analysts remain split on the near-term outlook despite the recent bullish target. American Banking News article
- Neutral Sentiment: A product-related mention about a classic Camaro being listed on eBay is not a meaningful company-specific catalyst for the stock. MSN article
- Negative Sentiment: Multiple reports highlighted GameStop CEO Ryan Cohen’s renewed push to acquire eBay, including his comment that the company is “coming for eBay one way or another.” While an acquisition premium can sometimes support a stock, the repeated takeover pressure and talk of appealing directly to shareholders may also create uncertainty and volatility for eBay investors. Yahoo Finance article
eBay Company Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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