AMF Tjanstepension AB Buys 21,065 Shares of eBay Inc. (NASDAQ:EBAY)

AMF Tjanstepension AB increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 13.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,317 shares of the e-commerce company’s stock after acquiring an additional 21,065 shares during the period. AMF Tjanstepension AB’s holdings in eBay were worth $9,208,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Atlantic Union Bankshares Corp raised its holdings in eBay by 20.8% during the first quarter. Atlantic Union Bankshares Corp now owns 35,639 shares of the e-commerce company’s stock worth $1,881,000 after acquiring an additional 6,136 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in eBay during the first quarter worth about $1,006,000. Davis Investment Partners LLC bought a new stake in eBay during the first quarter worth about $909,000. Chemistry Wealth Management LLC raised its holdings in eBay by 29.7% during the first quarter. Chemistry Wealth Management LLC now owns 10,132 shares of the e-commerce company’s stock worth $535,000 after acquiring an additional 2,319 shares in the last quarter. Finally, Thompson Investment Management Inc. raised its holdings in eBay by 3.7% during the first quarter. Thompson Investment Management Inc. now owns 151,917 shares of the e-commerce company’s stock worth $8,018,000 after acquiring an additional 5,464 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Up 1.3 %

Shares of EBAY opened at $53.72 on Friday. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 2.44 and a beta of 1.32. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $55.35. The stock has a fifty day moving average of $52.47 and a 200-day moving average of $48.24. 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 (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. eBay’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. As a group, sell-side analysts anticipate that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.27 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

Several analysts recently issued reports on EBAY shares. Barclays upped their target price on eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Truist Financial boosted their price target on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. Benchmark reissued a “buy” rating and set a $58.00 price target on shares of eBay in a research report on Monday, June 17th. Robert W. Baird upped their target price on eBay from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Finally, Jefferies Financial Group upped their target price on eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.71.

Insider Activity 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 value of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated 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 in the company, valued at approximately $8,803,915.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The disclosure for this sale can be found here. Insiders sold 59,558 shares of company stock worth $3,001,254 over the last three months. Company 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.