Affinity Investment Advisors LLC Boosts Stock Position in eBay Inc. (NASDAQ:EBAY)

Affinity Investment Advisors LLC lifted its position in eBay Inc. (NASDAQ:EBAY) by 3.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,494 shares of the e-commerce company’s stock after buying an additional 275 shares during the quarter. Affinity Investment Advisors LLC’s holdings in eBay were worth $414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of eBay in the 4th quarter valued at about $25,000. First Command Advisory Services Inc. acquired a new stake in eBay during the 3rd quarter worth approximately $46,000. Cambridge Trust Co. lifted its position in eBay by 135.0% during the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock worth $51,000 after acquiring an additional 675 shares during the period. NBC Securities Inc. acquired a new stake in eBay during the 3rd quarter worth approximately $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in eBay during the 3rd quarter worth approximately $71,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

eBay Stock Up 0.4 %

eBay stock traded up $0.21 during midday trading on Wednesday, hitting $52.38. The stock had a trading volume of 1,884,949 shares, compared to its average volume of 6,139,058. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The stock has a market cap of $26.50 billion, a P/E ratio of 10.39, a P/E/G ratio of 2.36 and a beta of 1.31. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $53.03. The business has a fifty day moving average price of $51.41 and a 200 day moving average price of $45.84.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. Research analysts predict that eBay Inc. will post 3.72 EPS for the current year.

eBay declared that its board has authorized a share buyback program on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 2.06%. eBay’s dividend payout ratio (DPR) is 21.51%.

Analyst Ratings Changes

A number of analysts have weighed in on EBAY shares. Deutsche Bank Aktiengesellschaft increased their price objective on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Mizuho raised their price target on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. UBS Group raised their price target on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Morgan Stanley reduced their price target on eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Truist Financial raised their price objective on eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.45.

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.