American International Group Inc. Trims Position in eBay Inc. (NASDAQ:EBAY)

American International Group Inc. cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,161 shares of the e-commerce company’s stock after selling 7,956 shares during the period. American International Group Inc. owned 0.05% of eBay worth $14,101,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $25,000. Washington Trust Advisors Inc. bought a new stake in shares of eBay during the first quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its position in shares of eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. American National Bank boosted its position in shares of eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in eBay in the first quarter worth $48,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EBAY shares. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Truist Financial boosted their target price on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Robert W. Baird boosted their target price on eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Wells Fargo & Company boosted their target price on eBay from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. started coverage on eBay in a report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.84.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was 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 owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Edward O. Garcia sold 986 shares of the 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 completion of the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $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 over the last quarter. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Performance

eBay stock traded up $0.63 during mid-day trading on Thursday, reaching $54.29. 1,667,572 shares of the stock traded hands, compared to its average volume of 5,727,435. The stock has a market capitalization of $27.25 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $55.69. The business’s 50-day moving average is $53.37 and its 200-day moving average is $49.59.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. As a group, sell-side analysts predict that eBay Inc. will post 3.73 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, May 31st. eBay’s payout ratio is 21.51%.

eBay 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.