State of Alaska Department of Revenue Sells 13,610 Shares of eBay Inc. (NASDAQ:EBAY)

State of Alaska Department of Revenue lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 12.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 99,577 shares of the e-commerce company’s stock after selling 13,610 shares during the period. State of Alaska Department of Revenue’s holdings in eBay were worth $5,255,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Eagle Ridge Investment Management acquired a new stake in shares of eBay during the first quarter worth $410,000. MV Capital Management Inc. increased its stake in shares of eBay by 31.6% in the 1st quarter. MV Capital Management Inc. now owns 1,487 shares of the e-commerce company’s stock valued at $78,000 after acquiring an additional 357 shares during the last quarter. Diversified Trust Co raised its position in shares of eBay by 35.5% in the 1st quarter. Diversified Trust Co now owns 89,554 shares of the e-commerce company’s stock valued at $4,727,000 after acquiring an additional 23,457 shares during the period. SteelPeak Wealth LLC raised its position in shares of eBay by 42.3% in the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after acquiring an additional 17,140 shares during the period. Finally, Optas LLC boosted its stake in eBay by 1.9% during the 1st quarter. Optas LLC now owns 33,758 shares of the e-commerce company’s stock worth $1,782,000 after acquiring an additional 621 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

EBAY opened at $52.61 on Thursday. The business’s 50-day simple moving average is $52.54 and its 200 day simple moving average is $48.49. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $55.35. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $26.41 billion, a PE ratio of 10.48, a PEG ratio of 2.45 and a beta of 1.31.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio is currently 21.51%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. TD Cowen increased their target price on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Morgan Stanley reduced their target price on eBay from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Truist Financial increased their price target on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Jefferies Financial Group lifted their price objective on eBay from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, Citigroup started coverage on eBay in a research note on Thursday, June 6th. They set a “buy” rating and a $64.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $53.71.

Insider Transactions at eBay

In related news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was 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 $8,803,915.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the transaction, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,558 shares of company stock valued at $3,001,254. 0.38% of the stock is currently owned by company 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.