Exencial Wealth Advisors LLC Purchases 9,656 Shares of eBay Inc. (NASDAQ:EBAY)

Exencial Wealth Advisors LLC lifted its position in shares of eBay Inc. (NASDAQ:EBAYGet Rating) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,654 shares of the e-commerce company’s stock after purchasing an additional 9,656 shares during the period. Exencial Wealth Advisors LLC’s holdings in eBay were worth $10,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital World Investors acquired a new stake in eBay during the third quarter worth approximately $457,861,000. Morgan Stanley grew its position in eBay by 40.7% during the third quarter. Morgan Stanley now owns 4,200,794 shares of the e-commerce company’s stock worth $292,670,000 after buying an additional 1,214,405 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in eBay during the third quarter worth approximately $55,080,000. KBC Group NV grew its position in eBay by 32.3% during the fourth quarter. KBC Group NV now owns 2,351,756 shares of the e-commerce company’s stock worth $156,392,000 after buying an additional 573,581 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in eBay by 1,588.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 575,372 shares of the e-commerce company’s stock worth $38,262,000 after buying an additional 541,299 shares in the last quarter. Institutional investors own 88.99% of the company’s stock.

Shares of EBAY stock traded up $0.49 during mid-day trading on Friday, hitting $46.65. The company’s stock had a trading volume of 6,455,154 shares, compared to its average volume of 6,951,811. The company’s fifty day simple moving average is $53.87 and its 200-day simple moving average is $61.02. eBay Inc. has a 52 week low of $45.19 and a 52 week high of $81.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $26.12 billion, a PE ratio of 2.74, a P/E/G ratio of 1.52 and a beta of 1.15.

eBay (NASDAQ:EBAYGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The e-commerce company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.14). eBay had a return on equity of 20.91% and a net margin of 113.26%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $0.94 earnings per share. The business’s revenue was down 17.2% on a year-over-year basis. On average, equities analysts anticipate that eBay Inc. will post 3.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Wednesday, June 1st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.88 annualized dividend and a dividend yield of 1.89%. eBay’s dividend payout ratio is presently 5.16%.

A number of equities research analysts recently issued reports on EBAY shares. Robert W. Baird reduced their price target on eBay from $80.00 to $65.00 in a research report on Thursday, May 5th. Bank of America reduced their target price on eBay from $75.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, February 24th. Barclays reduced their target price on eBay from $91.00 to $73.00 in a report on Thursday, February 24th. Piper Sandler reduced their target price on eBay from $68.00 to $63.00 in a report on Thursday, May 5th. Finally, Mizuho reduced their target price on eBay from $60.00 to $50.00 in a report on Friday, May 6th. Fourteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $67.76.

In other news, SVP Pete Thompson sold 2,755 shares of the firm’s stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $57.58, for a total value of $158,632.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

eBay Company Profile (Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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