Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 26,400 Shares of eBay Inc. $EBAY

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 26.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,824 shares of the e-commerce company’s stock after selling 26,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in eBay were worth $5,422,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EBAY. Hemington Wealth Management boosted its position in shares of eBay by 7.7% during the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after acquiring an additional 124 shares during the last quarter. Capital Investment Advisors LLC raised its stake in eBay by 2.2% during the second quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock valued at $468,000 after purchasing an additional 138 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in eBay by 0.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company’s stock valued at $1,560,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of eBay by 36.5% in the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company’s stock worth $41,000 after buying an additional 160 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in shares of eBay by 4.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company’s stock worth $285,000 after buying an additional 160 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $92.33, for a total value of $666,714.93. Following the transaction, the chief executive officer directly owned 246,812 shares in the company, valued at $22,788,151.96. This represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the transaction, the senior vice president directly owned 93,392 shares in the company, valued at approximately $8,361,385.76. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 96,743 shares of company stock valued at $8,979,844. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of a number of analyst reports. TD Cowen increased their price target on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a report on Monday, October 20th. Susquehanna raised their price objective on eBay from $70.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Stifel Nicolaus lifted their target price on eBay from $75.00 to $89.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Piper Sandler increased their price target on eBay from $74.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Sanford C. Bernstein raised their price target on eBay from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.57.

eBay Trading Down 0.0%

Shares of NASDAQ EBAY opened at $99.54 on Thursday. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $45.49 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.39 and a beta of 1.31. The business’s 50 day moving average price is $92.60 and its 200-day moving average price is $82.64.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the company posted $1.18 EPS. eBay’s quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio is presently 25.55%.

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.