Lombard Odier Asset Management Europe Ltd Acquires New Holdings in eBay Inc. (NASDAQ:EBAY)

Lombard Odier Asset Management Europe Ltd bought a new position in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,317 shares of the e-commerce company’s stock, valued at approximately $232,000.

Several other large investors also recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay in the 2nd quarter valued at $26,000. Tortoise Investment Management LLC raised its holdings in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of eBay in the first quarter worth about $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay during the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of eBay during the 1st quarter valued at about $30,000. 87.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

EBAY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price target on shares of eBay in a research report on Monday. Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Piper Sandler reiterated an “overweight” rating and issued a $64.00 target price (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. Finally, Evercore ISI boosted their target price on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.90.

eBay Price Performance

NASDAQ:EBAY opened at $63.45 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day moving average of $57.78 and a 200-day moving average of $54.19. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $64.96. The company has a market capitalization of $31.85 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.35 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The disclosure for this sale can be found here. 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.