eBay Inc. (NASDAQ:EBAY) Stock Position Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,090 shares of the e-commerce company’s stock after selling 1,476 shares during the period. Mutual of America Capital Management LLC’s holdings in eBay were worth $3,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Tempus Wealth Planning LLC grew its position in eBay by 3.1% in the 1st quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after purchasing an additional 254 shares during the last quarter. GHE LLC grew its position in eBay by 1.5% in the 4th quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after purchasing an additional 260 shares during the last quarter. Savant Capital LLC grew its position in eBay by 2.3% in the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares during the last quarter. Affinity Investment Advisors LLC grew its position in eBay by 3.0% in the 4th quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after purchasing an additional 275 shares during the last quarter. Finally, Quent Capital LLC grew its position in eBay by 10.5% in the 4th quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock worth $130,000 after purchasing an additional 282 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EBAY. Benchmark restated a “buy” rating and issued a $58.00 target price on shares of eBay in a research report on Monday, June 17th. Robert W. Baird upped their price target on shares of eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. TD Cowen upped their price target on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Morgan Stanley reduced their price target on shares of eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $53.85.

eBay Trading Up 2.0 %

eBay stock opened at $54.02 on Friday. 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 $27.12 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 2.44 and a beta of 1.31. The company has a 50 day moving average price of $52.77 and a 200 day moving average price of $48.89.

eBay (NASDAQ:EBAY) last released 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. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. Research analysts forecast that eBay Inc. will post 3.72 EPS for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 2.00%. eBay’s payout ratio is 21.51%.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of the 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 sale, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the transaction, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $220,324.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the firm’s 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 transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. 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 quarter. 0.38% of the stock is currently owned by corporate insiders.

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.