Mackenzie Financial Corp Sells 21,641 Shares of eBay Inc. (NASDAQ:EBAY)

Mackenzie Financial Corp cut its stake in eBay Inc. (NASDAQ:EBAY) by 19.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,888 shares of the e-commerce company’s stock after selling 21,641 shares during the quarter. Mackenzie Financial Corp’s holdings in eBay were worth $4,936,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EBAY. Bank of Nova Scotia grew its position in shares of eBay by 9.5% in the fourth quarter. Bank of Nova Scotia now owns 64,815 shares of the e-commerce company’s stock valued at $2,827,000 after purchasing an additional 5,624 shares in the last quarter. California State Teachers Retirement System grew its position in shares of eBay by 6.7% in the fourth quarter. California State Teachers Retirement System now owns 925,696 shares of the e-commerce company’s stock valued at $40,379,000 after purchasing an additional 58,180 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Royal London Asset Management Ltd. grew its position in shares of eBay by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 209,264 shares of the e-commerce company’s stock valued at $9,128,000 after purchasing an additional 4,093 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of eBay by 152.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 74,589 shares of the e-commerce company’s stock valued at $3,254,000 after purchasing an additional 44,985 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Up 1.1 %

NASDAQ EBAY opened at $65.83 on Wednesday. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $66.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average of $59.04 and a 200-day moving average of $54.74. The firm has a market cap of $33.05 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. As a group, sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, August 30th. eBay’s payout ratio is 21.51%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EBAY. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Monday. Bank of America boosted their target price on eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company reduced their target price on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Finally, Piper Sandler restated an “overweight” rating and set a $64.00 target price (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $57.29.

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.