eBay Inc. (NASDAQ:EBAY) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 129,636 shares of the e-commerce company's stock after selling 7,294 shares during the quarter. Gotham Asset Management LLC's holdings in eBay were worth $8,031,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in shares of 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 valued at $692,517,000 after acquiring an additional 2,277,839 shares during the period. Marshall Wace LLP increased its holdings in shares of eBay by 304.2% in the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after acquiring an additional 1,584,404 shares during the period. Raymond James Financial Inc. purchased a new position in shares of eBay in the 4th quarter valued at $96,214,000. Finally, Boston Partners increased its holdings in shares of eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after acquiring an additional 1,524,691 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EBAY. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Monday. UBS Group upped their price target on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Susquehanna upped their price target on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Barclays upped their price target on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, StockNews.com upgraded eBay from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $67.42.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $1.24 during midday trading on Friday, reaching $71.84. 5,573,025 shares of the company were exchanged, compared to its average volume of 4,988,262. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $51.02 and a 1 year high of $71.87. The stock has a fifty day simple moving average of $66.35 and a 200 day simple moving average of $65.37. The stock has a market cap of $33.12 billion, a P/E ratio of 18.05, a PEG ratio of 2.22 and a beta of 1.30.

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

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. eBay's payout ratio is 27.62%.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 10,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $69.83, for a total transaction of $698,300.00. Following the transaction, the chief executive officer now owns 570,754 shares of the company's stock, valued at approximately $39,855,751.82. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at $8,559,469.26. This represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock worth $12,943,715 in the last ninety 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.