10 hours Ago By ABMN Staff
Envestnet Asset Management Inc. grew its position in eBay Inc. ( NASDAQ:EBAY – Free Report ) by 38.
9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,078,622 shares of the e-commerce company’s stock after acquiring an additional 301,838 shares during the period. Envestnet Asset Management Inc.
owned about 0.21% of eBay worth $57,944,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently modified their holdings of EBAY.
Vanguard Group Inc. grew its position in shares of eBay by 7.7% in the 1st quarter.
Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after acquiring an additional 4,524,934 shares during the period. M&G Plc bought a new position in shares of eBay in the 1st quarter valued at about $97,557,000.
Swedbank AB bought a new position in shares of eBay in the 1st quarter valued at about $73,777,000. LSV Asset Management grew its position in shares of eBay by 22.2% in the 2nd quarter.
LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after acquiring an additional 1,216,885 shares during the period. Finally, Norges Bank bought a new position in shares of eBay in the 4th quarter valued at about $53,019,000. Institutional investors own 87.
48% of the company’s stock. Insider Buying and Selling In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th.
The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00.
Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
0.38% of the stock is owned by corporate insiders. eBay Price Performance eBay ( NASDAQ:EBAY – Get Free Report ) last issued its earnings results on Wednesday, July 31st.
The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88.
The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion.
eBay had a net margin of 26.41% and a return on equity of 29.69%.
On average, equities research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.
eBay Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share.
This represents a $1.08 dividend on an annualized basis and a yield of 1.71%.
The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is 21.51%.
Analyst Upgrades and Downgrades Several analysts recently commented on EBAY shares. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 target price (up previously from $58.
00) on shares of eBay in a report on Thursday, August 1st. The Goldman Sachs Group lifted their target price on shares of eBay from $38.00 to $46.
00 and gave the stock a “sell” rating in a report on Friday, August 2nd. Wolfe Research started coverage on shares of eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company.
Robert W. Baird lifted their target price on shares of eBay from $58.00 to $62.
00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Citigroup lifted their target price on shares of eBay from $64.00 to $65.
00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $56.
90. Check Out Our Latest Research Report on EBAY About eBay ( Free Report ) 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. See Also Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc.
( NASDAQ:EBAY – Free Report ). Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter .
.
