iA Global Asset Management Inc. Decreases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

iA Global Asset Management Inc. decreased its position in eBay Inc. (NASDAQ:EBAY) by 65.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,408 shares of the e-commerce company’s stock after selling 25,790 shares during the quarter. iA Global Asset Management Inc.’s holdings in eBay were worth $708,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Banco Santander S.A. increased its position in shares of eBay by 2.1% during the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock valued at $609,000 after buying an additional 236 shares during the period. Tempus Wealth Planning LLC increased its position in shares of eBay by 3.1% during the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock valued at $451,000 after buying an additional 254 shares during the period. GHE LLC increased its position in shares of eBay by 1.5% during the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock valued at $762,000 after buying an additional 260 shares during the period. Savant Capital LLC increased its position in shares of eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after buying an additional 262 shares during the period. Finally, Affinity Investment Advisors LLC boosted its stake in eBay by 3.0% during the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research reports. StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. 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 report on Monday, May 6th. Wolfe Research initiated coverage on shares of eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Piper Sandler reissued an “overweight” rating and set a $64.00 price objective (up from $58.00) on shares of eBay in a report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.45.

eBay Stock Up 1.1 %

NASDAQ EBAY traded up $0.62 during trading on Thursday, reaching $56.23. 7,867,515 shares of the company’s stock traded hands, compared to its average volume of 5,748,074. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $28.23 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.31. The company’s 50 day simple moving average is $53.62 and its two-hundred day simple moving average is $50.03. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $57.68.

eBay (NASDAQ:EBAY) last posted 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. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, sell-side analysts forecast that eBay Inc. will post 3.73 EPS for the current fiscal year.

Insider Buying and Selling

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction that occurred 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 owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. 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 90 days. 0.38% of the stock is owned by corporate insiders.

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.