Ensign Peak Advisors Inc Buys 42,906 Shares of eBay Inc. (NASDAQ:EBAY)

Ensign Peak Advisors Inc increased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 27.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,695 shares of the e-commerce company's stock after buying an additional 42,906 shares during the period. Ensign Peak Advisors Inc's holdings in eBay were worth $12,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP boosted its stake 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 worth $692,517,000 after buying an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in eBay by 3.6% in the 4th 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 during the period. Northern Trust Corp increased its position in shares of eBay by 17.8% during the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after purchasing an additional 1,030,292 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 10,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $69.83, for a total value of $698,300.00. Following the transaction, the chief executive officer now directly owns 570,754 shares in the company, valued at approximately $39,855,751.82. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the sale, the senior vice president now owns 123,282 shares of the company's stock, valued at $8,559,469.26. This trade represents a 50.76% decrease in their ownership of the stock. 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 quarter. 0.38% of the stock is owned by company insiders.

eBay Trading Up 2.1%

Shares of EBAY stock traded up $1.45 during mid-day trading on Thursday, reaching $70.60. The stock had a trading volume of 5,585,169 shares, compared to its average volume of 4,981,648. The firm has a market capitalization of $32.55 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The stock's 50-day moving average price is $66.30 and its two-hundred day moving average price is $65.31. 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 52-week low of $51.02 and a 52-week high of $71.61.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $1.25 EPS. eBay's revenue was up 1.1% compared to the same quarter last year. Equities analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, May 30th. eBay's payout ratio is presently 27.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. BMO Capital Markets raised their target price on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Susquehanna boosted their target price on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, UBS Group increased their target price on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.