MV Capital Management Inc. Has $78,000 Stock Holdings in eBay Inc. (NASDAQ:EBAY)

MV Capital Management Inc. increased its holdings in eBay Inc. (NASDAQ:EBAY) by 31.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,487 shares of the e-commerce company’s stock after purchasing an additional 357 shares during the period. MV Capital Management Inc.’s holdings in eBay were worth $78,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its position in shares of 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. Dimensional Fund Advisors LP boosted its holdings in shares of eBay by 22.3% in 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 acquiring an additional 1,141,288 shares in the last quarter. Pacer Advisors Inc. grew 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 acquiring an additional 1,491,485 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in eBay by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,547,105 shares of the e-commerce company’s stock valued at $244,572,000 after purchasing an additional 60,146 shares in the last quarter. Finally, Harris Associates L P increased its holdings in eBay by 0.7% during the 4th quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company’s stock valued at $199,660,000 after purchasing an additional 30,545 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Truist Financial raised their target price on eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, May 6th. Jefferies Financial Group boosted their target price on shares of eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Robert W. Baird increased their price target on shares of eBay from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Wells Fargo & Company raised their price target on shares of eBay from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, June 25th. Finally, Citigroup started coverage on eBay in a report on Thursday, June 6th. They set a “buy” rating and a $64.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $53.71.

Insider Transactions at eBay

In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other eBay news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $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 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

eBay Stock Up 1.1 %

Shares of EBAY stock opened at $53.25 on Wednesday. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $55.35. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm has a fifty day moving average of $52.50 and a 200-day moving average of $48.41. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 2.47 and a beta of 1.31.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 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 previous year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts predict that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders 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 2.03%. The ex-dividend date of this dividend was Friday, May 31st. eBay’s dividend payout ratio is presently 21.51%.

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.