Bridgeway Capital Management LLC Decreases Stake in eBay Inc. (NASDAQ:EBAY)

Bridgeway Capital Management LLC lowered its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 29.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,100 shares of the e-commerce company's stock after selling 14,700 shares during the quarter. Bridgeway Capital Management LLC's holdings in eBay were worth $2,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in eBay during the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay in the fourth quarter worth $33,000. Transce3nd LLC bought a new stake in shares of eBay during the 4th quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay during the 4th quarter valued at $36,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of eBay during the 4th quarter valued at $40,000. Institutional investors own 87.48% of the company's stock.

eBay Trading Up 0.0%

NASDAQ:EBAY traded up $0.01 during midday trading on Tuesday, hitting $69.17. The stock had a trading volume of 4,899,625 shares, compared to its average volume of 4,978,389. eBay Inc. has a one year low of $51.02 and a one year high of $71.61. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.22 and a beta of 1.30. The stock has a 50-day moving average of $66.31 and a 200 day moving average of $65.26. 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 (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. As a group, sell-side analysts forecast that eBay Inc. will post 3.86 EPS 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 1.68%. eBay's dividend payout ratio is presently 27.62%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Cantor Fitzgerald boosted their price target on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Daiwa Capital Markets raised shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Monday. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Finally, Barclays raised their target price on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of "Hold" and a consensus target price of $67.42.

Insider Transactions at eBay

In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president now directly owns 123,282 shares of the company's stock, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 187,755 shares of company stock valued at $12,943,715. Corporate insiders own 0.38% of the company's stock.

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.