eBay Inc. (NASDAQ:EBAY) Shares Bought by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP boosted its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 341.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,500 shares of the e-commerce company's stock after purchasing an additional 20,500 shares during the quarter. Ardsley Advisory Partners LP's holdings in eBay were worth $1,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EBAY. Independent Franchise Partners LLP raised its holdings in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after acquiring an additional 2,277,839 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of 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. Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after purchasing an additional 245,624 shares in the last quarter. Northern Trust Corp boosted its position in shares of eBay by 17.8% during the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after buying an additional 1,030,292 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock worth $367,767,000 after buying an additional 82,904 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EBAY shares. Wells Fargo & Company raised their price target on shares of eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. BMO Capital Markets boosted their target price on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Barclays lifted their price objective on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. StockNews.com upgraded eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Finally, Sanford C. Bernstein downgraded eBay from an "outperform" rating to a "market perform" rating and cut their price target for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, eBay has an average rating of "Hold" and an average target price of $67.32.

eBay Price Performance

EBAY stock traded up $0.09 during mid-day trading on Tuesday, hitting $70.40. The company had a trading volume of 3,734,424 shares, compared to its average volume of 4,960,439. The company has a market capitalization of $32.81 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a 50-day moving average price of $65.85 and a 200 day moving average price of $65.04. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $49.59 and a 12-month high of $71.61.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. On average, research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. eBay's dividend payout ratio is presently 27.62%.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 10,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $69.83, for a total transaction of $698,300.00. Following the transaction, the chief executive officer now directly owns 570,754 shares in the company, valued at $39,855,751.82. The trade was a 1.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,685 shares of company stock valued at $4,121,245 over the last 90 days. Insiders own 0.38% of the company's stock.

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.