Wedmont Private Capital purchased a new position in eBay Inc. (NASDAQ:EBAY – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,206 shares of the e-commerce company's stock, valued at approximately $280,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC acquired a new position in shares of eBay in the 2nd quarter valued at about $26,000. Eagle Bay Advisors LLC lifted its stake in shares of eBay by 49.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 736 shares of the e-commerce company's stock valued at $27,000 after purchasing an additional 242 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of eBay in the 3rd quarter valued at about $28,000. Guardian Wealth Advisors LLC acquired a new position in shares of eBay in the 3rd quarter valued at about $40,000. Finally, General Partner Inc. acquired a new position in eBay during the 4th quarter worth approximately $48,000. 85.51% of the stock is owned by institutional investors and hedge funds.
Get eBay alerts:eBay Trading Up 1.5 %
NASDAQ:EBAY opened at $42.06 on Friday. eBay Inc. has a 12-month low of $35.92 and a 12-month high of $60.38. The firm has a market capitalization of $22.58 billion, a P/E ratio of -19.75, a P/E/G ratio of 1.33 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.18 and a quick ratio of 2.18. The business has a 50 day simple moving average of $46.60 and a 200 day simple moving average of $43.32.
eBay (NASDAQ:EBAY – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. eBay had a positive return on equity of 34.14% and a negative net margin of 12.96%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The business's revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts predict that eBay Inc. will post 3.36 EPS for the current year.
eBay Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, March 9th. This is a positive change from eBay's previous quarterly dividend of $0.22. eBay's payout ratio is -46.95%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on EBAY shares. Credit Suisse Group boosted their price target on eBay from $55.00 to $57.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 21st. Susquehanna boosted their price target on eBay from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, February 27th. StockNews.com started coverage on eBay in a research report on Thursday. They set a "hold" rating on the stock. Piper Sandler boosted their price target on eBay from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on eBay from $55.00 to $50.00 in a research report on Thursday, February 23rd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $49.92.
eBay Company Profile
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eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay's suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.
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