Foundations Investment Advisors LLC grew its holdings in eBay Inc. (NASDAQ:EBAY – Get Rating) by 47.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,355 shares of the e-commerce company's stock after buying an additional 5,888 shares during the period. Foundations Investment Advisors LLC's holdings in eBay were worth $761,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in EBAY. American Century Companies Inc. lifted its position in shares of eBay by 9.5% in the first quarter. American Century Companies Inc. now owns 41,990 shares of the e-commerce company's stock valued at $2,404,000 after buying an additional 3,655 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of eBay by 21.7% in the first quarter. Raymond James Trust N.A. now owns 9,176 shares of the e-commerce company's stock valued at $526,000 after buying an additional 1,638 shares during the last quarter. Sei Investments Co. lifted its position in shares of eBay by 34.7% in the first quarter. Sei Investments Co. now owns 461,862 shares of the e-commerce company's stock valued at $26,460,000 after buying an additional 118,952 shares during the last quarter. Aviva PLC lifted its position in shares of eBay by 6.2% in the first quarter. Aviva PLC now owns 223,976 shares of the e-commerce company's stock valued at $12,825,000 after buying an additional 13,127 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of eBay by 17.0% in the first quarter. Sequoia Financial Advisors LLC now owns 10,715 shares of the e-commerce company's stock valued at $614,000 after buying an additional 1,555 shares during the last quarter. 85.51% of the stock is owned by institutional investors and hedge funds.
Get eBay alerts:eBay Trading Up 1.5 %
Shares of EBAY opened at $42.06 on Monday. eBay Inc. has a 52-week low of $35.92 and a 52-week high of $60.38. The business's fifty day moving average is $46.60 and its 200-day moving average is $43.31. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.18 and a current ratio of 2.18. The firm 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.
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 for the quarter, beating the consensus estimate 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 company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the business posted $0.89 EPS. eBay's revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts anticipate that eBay Inc. will post 3.36 EPS for the current fiscal year.
eBay Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a dividend of $0.25 per share. This is an increase from eBay's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.38%. eBay's dividend payout ratio (DPR) is -46.95%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on EBAY. Deutsche Bank Aktiengesellschaft lowered their target price on eBay from $55.00 to $50.00 in a research note on Thursday, February 23rd. Susquehanna increased their target price on eBay from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, February 27th. Cowen lowered their target price on eBay from $48.00 to $46.00 in a research note on Thursday, February 23rd. Piper Sandler increased their target price on eBay from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, February 23rd. Finally, Benchmark lowered their target price on eBay from $62.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, February 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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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