Cambridge Trust Co. reduced its position in eBay Inc. (NASDAQ:EBAY – Get Rating) by 56.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the e-commerce company's stock after selling 1,317 shares during the period. Cambridge Trust Co.'s holdings in eBay were worth $42,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of EBAY. Vanguard Group Inc. lifted its stake in eBay by 15.4% during the 3rd quarter. Vanguard Group Inc. now owns 61,437,188 shares of the e-commerce company's stock valued at $2,261,502,000 after acquiring an additional 8,199,123 shares in the last quarter. Lazard Asset Management LLC lifted its stake in eBay by 2,918,646.9% during the 3rd quarter. Lazard Asset Management LLC now owns 2,860,372 shares of the e-commerce company's stock valued at $105,290,000 after acquiring an additional 2,860,274 shares in the last quarter. Franklin Resources Inc. lifted its stake in eBay by 33.4% during the 2nd quarter. Franklin Resources Inc. now owns 6,350,663 shares of the e-commerce company's stock valued at $264,634,000 after acquiring an additional 1,590,642 shares in the last quarter. BlackRock Inc. raised its stake in shares of eBay by 2.6% during the 3rd quarter. BlackRock Inc. now owns 45,380,637 shares of the e-commerce company's stock worth $1,670,462,000 after purchasing an additional 1,158,503 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of eBay by 142.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,933,140 shares of the e-commerce company's stock worth $80,554,000 after purchasing an additional 1,135,850 shares during the period. 85.51% of the stock is currently owned by institutional investors.Get eBay alerts:
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on EBAY shares. Cowen lowered their target price on eBay from $48.00 to $46.00 in a research note on Thursday, February 23rd. Credit Suisse Group lifted their target price on eBay from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 21st. Piper Sandler lifted their target price on eBay from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, February 23rd. Benchmark cut their price objective on eBay from $62.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, February 23rd. Finally, Bank of America boosted their target price on eBay from $44.00 to $52.00 in a research report on Tuesday, February 21st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $49.92.
eBay Price Performance
Shares of EBAY stock opened at $42.06 on Monday. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of -19.75, a PEG ratio of 1.35 and a beta of 1.37. The business's fifty day moving average is $46.60 and its 200 day moving average is $43.31. eBay Inc. has a twelve month low of $35.92 and a twelve month high of $60.38. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.50.
eBay (NASDAQ:EBAY – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $2.51 billion for the quarter, compared to analysts' expectations of $2.46 billion. eBay had a positive return on equity of 34.14% and a negative net margin of 12.96%. The firm's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. Research analysts expect that eBay Inc. will post 3.36 EPS for the current fiscal year.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a $0.25 dividend. This is a boost from eBay's previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, March 9th. eBay's dividend payout ratio is currently -46.95%.
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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