Thompson Investment Management Inc. Raises Holdings in eBay Inc. (NASDAQ:EBAY)

Thompson Investment Management Inc. increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,917 shares of the e-commerce company’s stock after purchasing an additional 5,464 shares during the quarter. eBay makes up approximately 1.2% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 25th largest position. Thompson Investment Management Inc.’s holdings in eBay were worth $8,018,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SteelPeak Wealth LLC acquired a new position in eBay during the fourth quarter worth $1,767,000. Allspring Global Investments Holdings LLC boosted its stake in eBay by 604.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after buying an additional 541,384 shares during the last quarter. Savant Capital LLC boosted its stake in eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after buying an additional 262 shares during the last quarter. Sapient Capital LLC acquired a new position in eBay during the fourth quarter worth $955,000. Finally, Symmetry Investments LP acquired a new position in eBay during the fourth quarter worth $2,766,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Performance

eBay stock traded down $0.49 during mid-day trading on Wednesday, reaching $53.46. 1,378,820 shares of the company were exchanged, compared to its average volume of 6,022,660. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $55.35. The firm’s 50-day simple moving average is $52.25 and its two-hundred day simple moving average is $48.09. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $26.84 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. Equities analysts predict that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.27 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.08 annualized dividend and a dividend yield of 2.02%. eBay’s dividend payout ratio is currently 21.51%.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BMO Capital Markets upped their price target on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Wells Fargo & Company upped their price target on eBay from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday. Susquehanna upped their price target on eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Barclays upped their price target on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Piper Sandler increased their target price on eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $53.71.

Insider Activity

In related news, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. Insiders sold 59,558 shares of company stock valued at $3,001,254 in the last three months. 0.38% of the stock is currently owned by company 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.