Fairview Capital Investment Management LLC Has $40.81 Million Stake in eBay Inc. (NASDAQ:EBAY)

Fairview Capital Investment Management LLC decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 658,728 shares of the e-commerce company's stock after selling 32,970 shares during the period. eBay comprises approximately 2.1% of Fairview Capital Investment Management LLC's holdings, making the stock its 17th largest holding. Fairview Capital Investment Management LLC owned 0.14% of eBay worth $40,808,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in eBay in the fourth quarter worth about $27,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay in the 4th quarter valued at approximately $33,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay in the 4th quarter valued at approximately $36,000. Transce3nd LLC bought a new stake in shares of eBay in the 4th quarter valued at approximately $36,000. Finally, Lee Danner & Bass Inc. bought a new stake in eBay in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Trading Up 0.5%

eBay stock traded up $0.34 during trading hours on Wednesday, reaching $69.51. 1,852,065 shares of the company's stock traded hands, compared to its average volume of 4,966,276. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $51.02 and a fifty-two week high of $71.61. The firm has a market capitalization of $32.04 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.22 and a beta of 1.30. The firm's 50 day moving average is $66.33 and its 200-day moving average is $65.29.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned $1.25 EPS. The firm's revenue was up 1.1% on a year-over-year basis. On average, analysts predict that eBay Inc. will post 3.86 earnings per share 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 paid 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 1.67%. eBay's dividend payout ratio (DPR) is presently 27.62%.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction that occurred on 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 $8,559,469.26. The trade was 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 valued at $12,943,715 in the last ninety days. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

EBAY has been the topic of a number of analyst reports. TD Securities upped their price target on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Morgan Stanley increased their target price on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Piper Sandler increased their target price on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Citigroup dropped their target price on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Stifel Nicolaus increased 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $67.42.

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.