Zurcher Kantonalbank Zurich Cantonalbank Has $22.78 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in eBay Inc. (NASDAQ:EBAY) by 37.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 522,123 shares of the e-commerce company’s stock after acquiring an additional 142,002 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in eBay were worth $22,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. CVA Family Office LLC acquired a new position in eBay during the fourth quarter worth $25,000. SkyView Investment Advisors LLC acquired a new position in eBay during the first quarter worth $27,000. Stonebridge Capital Advisors LLC acquired a new position in shares of eBay in the fourth quarter valued at $29,000. Gyon Technologies Capital Management LP acquired a new position in shares of eBay in the fourth quarter valued at $32,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of eBay in the third quarter valued at $28,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 1,165 shares of eBay 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 owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EBAY has been the topic of several research reports. UBS Group upped their price objective on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Truist Financial upped their price objective on shares of eBay from $47.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, February 29th. The Goldman Sachs Group began coverage on shares of eBay in a report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Mizuho boosted their target price on shares of eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.21.

eBay Stock Performance

NASDAQ:EBAY opened at $49.45 on Thursday. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a market capitalization of $25.62 billion, a PE ratio of 9.47, a P/E/G ratio of 2.03 and a beta of 1.33. The company has a 50 day simple moving average of $48.91 and a two-hundred day simple moving average of $44.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44.

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

eBay announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

eBay Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. eBay’s dividend payout ratio (DPR) is currently 20.69%.

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.