Hudson Capital Management LLC increased its stake in eBay Inc. (NASDAQ:EBAY – Get Rating) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,463 shares of the e-commerce company's stock after purchasing an additional 9,419 shares during the period. Hudson Capital Management LLC's holdings in eBay were worth $2,673,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new position in shares of eBay during the 3rd quarter valued at approximately $1,921,000. Alta Advisers Ltd acquired a new position in eBay in the third quarter valued at about $74,000. Louisiana State Employees Retirement System acquired a new position in eBay in the third quarter valued at about $2,386,000. Aigen Investment Management LP increased its stake in eBay by 41.1% during the third quarter. Aigen Investment Management LP now owns 47,227 shares of the e-commerce company's stock worth $1,738,000 after purchasing an additional 13,755 shares during the period. Finally, Clarius Group LLC increased its stake in eBay by 5.9% during the third quarter. Clarius Group LLC now owns 9,734 shares of the e-commerce company's stock worth $358,000 after purchasing an additional 538 shares during the period. 85.51% of the stock is currently owned by institutional investors and hedge funds.
Get eBay alerts:Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Cowen lowered their price target on eBay from $48.00 to $46.00 in a report on Thursday, February 23rd. Credit Suisse Group raised their price target on eBay from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 21st. StockNews.com initiated coverage on eBay in a report on Thursday, March 16th. They set a "hold" rating on the stock. Morgan Stanley lifted their price objective on eBay from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Tuesday, February 28th. Finally, Piper Sandler boosted their price target on eBay from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, February 23rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus target price of $49.13.
eBay Price Performance
NASDAQ EBAY opened at $42.18 on Friday. The business has a fifty day moving average price of $46.40 and a two-hundred day moving average price of $43.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.18 and a current ratio of 2.18. eBay Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $60.38.
eBay (NASDAQ:EBAY – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.46 billion. eBay had a positive return on equity of 34.14% and a negative net margin of 12.96%. The business's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. As a group, research analysts anticipate that eBay Inc. will post 3.36 EPS for the current year.
eBay Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders 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 2.37%. eBay's payout ratio is currently -46.95%.
About eBay
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on eBay (EBAY)
- Advance Auto Parts, The Case For Upside and Dividends
- Micron Action Comes To A Simmer Ahead Of Q2 Results
- Can Darden Restaurants Hit New Highs In 2023?
- These 3 Chip Stocks May Be Approaching A Buy Point Soon
- REITs Alternatives to Consider for Diversification
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Get Rating).
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.