Cerity Partners LLC Has $2.02 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Cerity Partners LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 32.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,233 shares of the e-commerce company’s stock after purchasing an additional 11,331 shares during the period. Cerity Partners LLC’s holdings in eBay were worth $2,017,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CVA Family Office LLC bought a new stake in shares of eBay during the 4th quarter worth $25,000. SkyView Investment Advisors LLC acquired a new position in eBay during the first quarter worth about $27,000. Almanack Investment Partners LLC. bought a new position in shares of eBay in the third quarter worth about $28,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of eBay in the 4th quarter valued at approximately $29,000. Finally, Gyon Technologies Capital Management LP bought a new stake in shares of eBay during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity

In related news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EBAY. Mizuho increased their price objective on shares of eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised their price objective on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. UBS Group upped their target price on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Finally, Wells Fargo & Company boosted their price target on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.21.

eBay Trading Up 0.9 %

Shares of EBAY stock opened at $50.39 on Friday. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a 50 day simple moving average of $49.23 and a two-hundred day simple moving average of $44.25. The company has a market cap of $26.10 billion, a P/E ratio of 9.65, a PEG ratio of 2.00 and a beta of 1.33.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the business posted $0.87 EPS. eBay’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts forecast that eBay Inc. will post 3.69 earnings per share for the current year.

eBay declared that its board has authorized a stock buyback program on Tuesday, February 27th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from eBay’s previous quarterly dividend of $0.25. eBay’s dividend payout ratio is 20.69%.

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.