Kapitalo Investimentos Ltda Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Kapitalo Investimentos Ltda acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,587 shares of the e-commerce company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of eBay during the third quarter worth about $689,000. CenterBook Partners LP purchased a new position in eBay in the 3rd quarter valued at approximately $469,000. LPL Financial LLC grew its stake in shares of eBay by 4.3% in the third quarter. LPL Financial LLC now owns 168,931 shares of the e-commerce company’s stock worth $7,448,000 after acquiring an additional 7,011 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of eBay by 7.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 306,704 shares of the e-commerce company’s stock worth $13,523,000 after acquiring an additional 21,325 shares during the period. Finally, Motley Fool Asset Management LLC raised its stake in shares of eBay by 7.5% in the third quarter. Motley Fool Asset Management LLC now owns 15,100 shares of the e-commerce company’s stock valued at $666,000 after acquiring an additional 1,053 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

EBAY stock opened at $53.84 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $27.03 billion, a P/E ratio of 10.73, a PEG ratio of 2.51 and a beta of 1.32. The business has a 50 day simple moving average of $52.06 and a 200-day simple moving average of $47.73. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $55.15.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. As a group, equities analysts anticipate that eBay Inc. will post 3.72 EPS for the current year.

eBay announced that its board has approved a stock repurchase plan on Tuesday, February 27th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. eBay’s payout ratio is 21.51%.

Insider Buying and Selling at eBay

In related news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,572 shares of company stock worth $2,949,144. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on EBAY shares. Benchmark reissued a “buy” rating and set a $58.00 target price on shares of eBay in a research note on Monday. Truist Financial upped their target price on shares of eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. Morgan Stanley reduced their target price on shares of eBay from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Citigroup began coverage on shares of eBay in a report on Thursday, June 6th. They set a “buy” rating and a $64.00 price target for the company. Finally, Mizuho raised their price objective on shares of eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $52.67.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.