Thompson Investment Management Inc. Grows Holdings in eBay Inc. (NASDAQ:EBAY)

Thompson Investment Management Inc. increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 3.7% during the 1st quarter, Holdings Channel reports. The firm owned 151,917 shares of the e-commerce company’s stock after purchasing an additional 5,464 shares during the quarter. eBay makes up approximately 1.2% of Thompson Investment Management Inc.’s holdings, making the stock its 25th largest holding. Thompson Investment Management Inc.’s holdings in eBay were worth $8,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EBAY. Ameriprise Financial Inc. raised its position in shares of eBay by 39.8% in the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after purchasing an additional 3,534,030 shares during the period. Dimensional Fund Advisors LP raised its position in shares of eBay by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after purchasing an additional 1,141,288 shares during the period. Pacer Advisors Inc. raised its position in shares of eBay by 34.3% in the fourth quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock valued at $254,712,000 after purchasing an additional 1,491,485 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of eBay by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 5,547,105 shares of the e-commerce company’s stock valued at $244,572,000 after purchasing an additional 60,146 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of eBay by 7.1% in the third quarter. Lazard Asset Management LLC now owns 5,203,732 shares of the e-commerce company’s stock valued at $229,432,000 after purchasing an additional 343,771 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the transaction, the senior vice president now directly owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock worth $3,001,254 in the last three months. 0.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EBAY. Jefferies Financial Group boosted their price objective on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. BMO Capital Markets boosted their price objective on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Truist Financial boosted their price objective on shares of eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, May 6th. Finally, Mizuho boosted their price target on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.71.

eBay Trading Down 0.9 %

NASDAQ EBAY traded down $0.49 during trading on Wednesday, hitting $53.46. The company had a trading volume of 1,378,820 shares, compared to its average volume of 6,022,660. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay Inc. has a one year low of $37.17 and a one year high of $55.35. The company has a market cap of $26.84 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. The company’s fifty day moving average is $52.25 and its 200-day moving average is $48.09.

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

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

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.27 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.08 annualized dividend and a dividend yield of 2.02%. eBay’s payout ratio is 21.51%.

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.