eBay Inc. (NASDAQ:EBAY) Shares Bought by Ethic Inc.

Ethic Inc. raised its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,615 shares of the e-commerce company's stock after buying an additional 5,887 shares during the quarter. Ethic Inc.'s holdings in eBay were worth $7,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fiduciary Trust Co boosted its stake in shares of eBay by 4.8% during the 4th quarter. Fiduciary Trust Co now owns 16,085 shares of the e-commerce company's stock valued at $996,000 after buying an additional 734 shares during the period. Deutsche Bank AG increased its position in shares of eBay by 6.1% in the 4th quarter. Deutsche Bank AG now owns 4,131,342 shares of the e-commerce company's stock valued at $255,937,000 after buying an additional 239,103 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of eBay by 15.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 24,709 shares of the e-commerce company's stock worth $1,531,000 after purchasing an additional 3,229 shares in the last quarter. Colonial Trust Co SC raised its holdings in shares of eBay by 48.0% in the 4th quarter. Colonial Trust Co SC now owns 675 shares of the e-commerce company's stock valued at $42,000 after purchasing an additional 219 shares during the period. Finally, CoreCap Advisors LLC increased its stake in shares of eBay by 2,988.1% during the fourth quarter. CoreCap Advisors LLC now owns 29,893 shares of the e-commerce company's stock worth $1,852,000 after purchasing an additional 28,925 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the sale, the senior vice president now owns 123,282 shares in the company, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 570,754 shares in the company, valued at $39,855,751.82. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,755 shares of company stock worth $12,943,715 in the last three months. Corporate insiders own 0.38% of the company's stock.

eBay Price Performance

Shares of EBAY traded up $0.01 during trading hours 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 52 week low of $51.02 and a 52 week high of $71.61. The stock has a market capitalization of $31.89 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company's fifty day moving average is $66.31 and its two-hundred day moving average is $65.26.

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 the consensus estimate 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 was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. On average, analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, May 30th. eBay's payout ratio is presently 27.62%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EBAY. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Susquehanna raised their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. TD Securities upped their price target on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus upped their target price on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $67.42.

About eBay

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.