Ossiam Has $5.51 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Ossiam lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 78.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,378 shares of the e-commerce company’s stock after selling 386,832 shares during the period. Ossiam’s holdings in eBay were worth $5,509,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of eBay in the 4th quarter valued at approximately $25,000. Washington Trust Advisors Inc. acquired a new stake in eBay in the first quarter valued at $30,000. Jones Financial Companies Lllp grew its position in shares of eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 310 shares during the period. American National Bank grew its position in shares of eBay by 200.0% in the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 400 shares during the period. Finally, Riverview Trust Co acquired a new position in shares of eBay during the 1st quarter worth about $48,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

Shares of NASDAQ EBAY traded down $0.54 during mid-day trading on Thursday, reaching $53.12. The company had a trading volume of 4,851,592 shares, compared to its average volume of 5,749,855. The firm has a market cap of $26.67 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 2.44 and a beta of 1.31. The business’s 50-day simple moving average is $53.38 and its 200 day simple moving average is $49.62. eBay Inc. has a one year low of $37.17 and a one year high of $55.69. 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 released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating the consensus estimate 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%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. On average, research analysts predict that eBay Inc. will post 3.73 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.03%. The ex-dividend date was Friday, May 31st. eBay’s payout ratio is presently 21.51%.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction 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 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 available through this link. In other news, SVP Edward O. Garcia sold 986 shares of the firm’s 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 sale, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. Insiders sold 59,558 shares of company stock worth $3,001,254 over the last three months. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Truist Financial lifted their target price on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. TD Cowen boosted their target price on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Morgan Stanley raised their price target on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Citigroup initiated coverage on shares of eBay in a report on Thursday, June 6th. They issued a “buy” rating and a $64.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.84.

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.