TCW Group Inc. Lowers Stock Holdings in eBay Inc. (NASDAQ:EBAY)

TCW Group Inc. lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 37.5% during the fourth quarter, HoldingsChannel reports. The firm owned 41,569 shares of the e-commerce company’s stock after selling 24,976 shares during the quarter. TCW Group Inc.’s holdings in eBay were worth $1,812,000 at the end of the most recent quarter.

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

Insider Activity at eBay

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the firm’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 completion of the transaction, 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 this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

eBay Stock Up 3.0 %

Shares of NASDAQ EBAY traded up $1.60 during midday trading on Friday, reaching $54.41. 7,773,908 shares of the company’s stock were exchanged, compared to its average volume of 5,228,400. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $54.59. The business’s fifty day moving average price is $51.47 and its two-hundred day moving average price is $46.08. The stock has a market capitalization of $27.53 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.51 and a beta of 1.31.

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

eBay declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.27 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.08 annualized dividend and a yield of 1.98%. eBay’s dividend payout ratio is presently 21.51%.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of research analyst reports. Truist Financial lifted their target price on eBay from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, May 6th. Wells Fargo & Company lifted their price objective on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. UBS Group boosted their target price on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. BMO Capital Markets raised their price target on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Finally, Piper Sandler lifted their price target on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.