eBay Inc. (NASDAQ:EBAY) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 43.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,633 shares of the e-commerce company’s stock after buying an additional 2,629 shares during the quarter. Fisher Asset Management LLC’s holdings in eBay were worth $377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EBAY. Ameriprise Financial Inc. increased its position in eBay by 39.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after purchasing an additional 3,534,030 shares in the last quarter. Pacer Advisors Inc. increased its position in eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after purchasing an additional 1,491,485 shares in the last quarter. Norges Bank purchased a new stake in eBay during the 4th quarter worth about $53,019,000. Dimensional Fund Advisors LP increased its position in eBay by 22.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after purchasing an additional 1,141,288 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its position in eBay by 96.7% during the 4th quarter. Morningstar Investment Services LLC now owns 1,660,486 shares of the e-commerce company’s stock worth $72,181,000 after purchasing an additional 816,475 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

eBay stock opened at $54.01 on Tuesday. The stock’s 50 day moving average price is $52.18 and its 200 day moving average price is $48.00. The firm has a market capitalization of $27.11 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay Inc. has a one year low of $37.17 and a one year high of $55.15.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the company posted $0.87 EPS. eBay’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts expect that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Friday, May 31st. eBay’s payout ratio is 21.51%.

eBay announced that its board has initiated a stock buyback plan on Tuesday, February 27th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com cut eBay from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 19th. Deutsche Bank Aktiengesellschaft lifted their price target on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Piper Sandler lifted their price target on eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Wells Fargo & Company lifted their price target on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Finally, TD Cowen lifted their price target on eBay from $42.00 to $45.00 and gave the company a “hold” 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 given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.67.

Insider Buying and Selling at eBay

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the sale, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. Insiders have sold a total of 59,558 shares of company stock valued at $3,001,254 in the last three months. Corporate insiders own 0.38% of the company’s stock.

About eBay

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.