Acropolis Investment Management LLC Boosts Stake in eBay Inc. (NASDAQ:EBAY)

Acropolis Investment Management LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,811 shares of the e-commerce company’s stock after buying an additional 843 shares during the period. Acropolis Investment Management LLC’s holdings in eBay were worth $1,413,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares during the period. Prospera Financial Services Inc raised its holdings in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department bought a new position in eBay during the third quarter valued at approximately $1,307,000. Nordea Investment Management AB boosted its holdings in eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in eBay by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after purchasing an additional 9,990 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on EBAY. JPMorgan Chase & Co. lowered their price target on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group increased their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Barclays cut their price target on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Truist Financial increased their price objective on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler boosted their target price on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.83.

eBay Trading Down 2.0 %

eBay stock opened at $64.41 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50 day moving average price is $63.40 and its 200-day moving average price is $60.82. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $71.52. The stock has a market cap of $30.85 billion, a P/E ratio of 16.18, a PEG ratio of 2.22 and a beta of 1.35.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,116 shares of company stock worth $1,637,705 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.