eBay Inc. (NASDAQ:EBAY) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 23.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 189,124 shares of the e-commerce company's stock after selling 59,315 shares during the period. ProShare Advisors LLC's holdings in eBay were worth $11,716,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EBAY. Ameriprise Financial Inc. boosted its holdings in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after buying an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP raised its position in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after purchasing an additional 2,277,839 shares during the period. Dimensional Fund Advisors LP increased its position 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 worth $435,665,000 after acquiring an additional 245,624 shares during the period. Northern Trust Corp increased 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 worth $421,834,000 after acquiring an additional 1,030,292 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after buying an additional 82,904 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Trading Up 0.2%

NASDAQ EBAY traded up $0.16 during trading hours on Tuesday, hitting $72.59. 5,080,729 shares of the company were exchanged, compared to its average volume of 4,993,326. eBay Inc. has a 52 week low of $51.13 and a 52 week high of $72.94. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $66.63 and a 200 day moving average price of $65.60. The stock has a market cap of $33.46 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share 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 return on equity of 30.97% and a net margin of 19.68%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. Analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.60%. eBay's dividend payout ratio is presently 27.62%.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the sale, the chief executive officer now owns 590,108 shares of the company's stock, valued at $39,153,665.80. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,755 shares of company stock valued at $12,943,715. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EBAY shares. Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Monday, May 12th. Morgan Stanley lifted their target price on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their price objective on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Robert W. Baird upped their target price on shares of eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $67.42.

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.