Caxton Associates LP Buys Shares of 22,598 eBay Inc. (NASDAQ:EBAY)

Caxton Associates LP bought a new stake in eBay Inc. (NASDAQ:EBAY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,598 shares of the e-commerce company’s stock, valued at approximately $1,193,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Dimensional Fund Advisors LP increased its position in shares of eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after acquiring an additional 1,141,288 shares during the period. LSV Asset Management increased its position in shares of eBay by 1.5% during the first quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company’s stock worth $289,681,000 after acquiring an additional 83,493 shares during the period. Harris Associates L P increased its position in shares of eBay by 0.7% during the fourth quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company’s stock worth $199,660,000 after acquiring an additional 30,545 shares during the period. Finally, Lyrical Asset Management LP increased its position in shares of eBay by 1.7% during the fourth quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company’s stock worth $170,349,000 after acquiring an additional 65,132 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EBAY. TD Cowen upped 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. Morgan Stanley upped their price objective on eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Truist Financial upped their price objective on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. Citigroup initiated coverage on eBay in a report on Thursday, June 6th. They issued a “buy” rating and a $64.00 target price on the stock. Finally, StockNews.com raised eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $53.94.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction 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 Securities & Exchange Commission, which is accessible through this link. In related news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on 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 owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,558 shares of company stock worth $3,001,254. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Up 1.0 %

NASDAQ EBAY traded up $0.55 during mid-day trading on Tuesday, reaching $55.16. 1,648,925 shares of the stock were exchanged, compared to its average volume of 5,701,579. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $55.69. The business’s fifty day simple moving average is $53.50 and its 200 day simple moving average is $49.89. The stock has a market capitalization of $27.69 billion, a PE ratio of 10.88, a PEG ratio of 2.49 and a beta of 1.31. 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 (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. On average, research analysts anticipate that eBay Inc. will post 3.73 earnings per share for the current fiscal year.

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.