Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 613,866 shares of the e-commerce company's stock after selling 16,306 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.13% of eBay worth $38,029,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of eBay during the 4th quarter worth about $27,000. Quarry LP acquired a new position in shares of eBay during the 3rd quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the 4th quarter worth about $36,000. Versant Capital Management Inc lifted its position in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in shares of eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock worth $52,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.
Insiders Place Their Bets
In other eBay news, SVP Cornelius Boone sold 3,989 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares of the company's stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,524 shares of company stock valued at $1,390,509 over the last 90 days. 0.38% of the stock is currently owned by insiders.
eBay Stock Down 0.2 %
Shares of NASDAQ:EBAY traded down $0.15 during midday trading on Wednesday, reaching $65.08. The company had a trading volume of 2,750,372 shares, compared to its average volume of 4,828,004. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business's 50 day moving average price is $66.79 and its 200 day moving average price is $64.32. The stock has a market cap of $30.32 billion, a PE ratio of 16.34, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61.
eBay Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is 29.07%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on EBAY shares. Cantor Fitzgerald boosted their price objective on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Monday, December 16th. BMO Capital Markets upped their price target on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of eBay in a report on Thursday, February 27th. Finally, Bank of America cut their price target on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, eBay presently has an average rating of "Hold" and an average target price of $65.54.
Read 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.
Further Reading
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
