M&G Plc Buys Shares of 1,840,704 eBay Inc. (NASDAQ:EBAY)

M&G Plc bought a new stake in eBay Inc. (NASDAQ:EBAY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,840,704 shares of the e-commerce company’s stock, valued at approximately $97,557,000. M&G Plc owned 0.36% of eBay as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. SteelPeak Wealth LLC acquired a new position in shares of eBay during the 4th quarter worth $1,767,000. Allspring Global Investments Holdings LLC raised its stake in shares of eBay by 604.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after buying an additional 541,384 shares during the last quarter. Savant Capital LLC raised its stake in shares of eBay by 2.3% during the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after buying an additional 262 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after buying an additional 17,143 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of eBay by 6.9% during the 1st quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock worth $46,124,000 after buying an additional 56,148 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following 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 filing with the SEC, which is accessible through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, 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. In the last ninety days, insiders have sold 59,558 shares of company stock valued at $3,001,254. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on EBAY shares. StockNews.com raised eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Robert W. Baird lifted their price objective on eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. TD Cowen lifted their price objective on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Wolfe Research assumed coverage on eBay in a research report on Tuesday. They set a “peer perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lifted 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. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $54.00.

eBay Trading Down 1.5 %

Shares of NASDAQ:EBAY traded down $0.79 during trading on Friday, reaching $53.60. 3,488,819 shares of the stock were exchanged, compared to its average volume of 4,065,706. 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 12-month low of $37.17 and a 12-month high of $55.69. The firm has a market cap of $26.91 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 2.50 and a beta of 1.31. The firm’s 50-day moving average price is $53.28 and its 200 day moving average price is $49.33.

eBay (NASDAQ:EBAY) last released its quarterly earnings results 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 for 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%. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. On average, sell-side analysts anticipate that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 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.