Ghe LLC Acquires 260 Shares of eBay Inc. (NASDAQ:EBAY)

Ghe LLC grew its holdings in eBay Inc. (NASDAQ:EBAY) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,480 shares of the e-commerce company’s stock after acquiring an additional 260 shares during the period. Ghe LLC’s holdings in eBay were worth $762,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Atria Wealth Solutions Inc. raised its position in eBay by 59.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 9,960 shares of the e-commerce company’s stock worth $434,000 after acquiring an additional 3,718 shares during the period. Alaska Permanent Fund Corp bought a new position in eBay in the fourth quarter worth approximately $447,000. GAMMA Investing LLC bought a new position in eBay in the fourth quarter worth approximately $78,000. Duality Advisers LP bought a new position in eBay in the fourth quarter worth approximately $5,114,000. Finally, Nicholas Hoffman & Company LLC. bought a new position in eBay in the fourth quarter worth approximately $380,000. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent research reports. Barclays increased their price target on shares of eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Morgan Stanley raised shares of eBay from an “underweight” rating to an “overweight” rating in a research note on Thursday, April 18th. Wells Fargo & Company increased their price objective on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. UBS Group increased their price objective on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, The Goldman Sachs Group started coverage on shares of eBay in a research note on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.21.

eBay Price Performance

Shares of NASDAQ:EBAY traded down $0.07 on Wednesday, reaching $51.18. The company’s stock had a trading volume of 5,088,646 shares, compared to its average volume of 6,411,716. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93. The company has a market cap of $26.51 billion, a P/E ratio of 9.80, a PEG ratio of 2.05 and a beta of 1.33. The company has a 50-day simple moving average of $49.76 and a 200 day simple moving average of $44.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the company posted $0.87 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that eBay Inc. will post 3.7 EPS for the current fiscal year.

eBay announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.27 dividend. This is a boost from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, March 8th. eBay’s dividend payout ratio (DPR) is presently 20.69%.

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.