eBay Inc. (NASDAQ:EBAY) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 716,483 shares of the e-commerce company’s stock after purchasing an additional 176,560 shares during the quarter. Federated Hermes Inc. owned approximately 0.15% of eBay worth $44,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in EBAY. Lyrical Asset Management LP increased its position in eBay by 1.2% during the fourth quarter. Lyrical Asset Management LP now owns 4,036,934 shares of the e-commerce company’s stock worth $250,088,000 after buying an additional 48,402 shares during the period. Rahlfs Capital LLC acquired a new position in shares of eBay in the 4th quarter valued at $1,041,000. Envestnet Asset Management Inc. increased its holdings in shares of eBay by 7.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,266,355 shares of the e-commerce company’s stock valued at $78,451,000 after acquiring an additional 91,185 shares during the period. Aviva PLC raised its position in eBay by 380.9% in the 4th quarter. Aviva PLC now owns 295,395 shares of the e-commerce company’s stock valued at $18,300,000 after purchasing an additional 233,964 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in eBay during the 4th quarter worth $9,210,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EBAY shares. JPMorgan Chase & Co. upped their target price on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Benchmark increased their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, February 27th. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and cut their price target for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their price objective on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $65.46.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,176 shares of company stock worth $3,111,432. 0.38% of the stock is owned by corporate insiders.

eBay Price Performance

EBAY stock opened at $61.19 on Tuesday. The stock’s 50 day moving average price is $67.14 and its 200 day moving average price is $65.03. The firm has a market cap of $28.51 billion, a P/E ratio of 15.37, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is presently 29.07%.

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.