Fairview Capital Investment Management LLC cut its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658,728 shares of the e-commerce company's stock after selling 32,970 shares during the quarter. eBay comprises 2.1% of Fairview Capital Investment Management LLC's investment portfolio, making the stock its 17th biggest position. Fairview Capital Investment Management LLC owned about 0.14% of eBay worth $40,808,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of eBay by 25.6% during 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 buying an additional 2,277,839 shares in the last quarter. Marshall Wace LLP raised its position in shares of eBay by 304.2% during 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 buying an additional 1,584,404 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of eBay during the 4th quarter valued at $96,214,000. Finally, Boston Partners grew its holdings in shares of eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after purchasing an additional 1,524,691 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at eBay
In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,308,946.80. The trade was a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares in the company, valued at $39,153,665.80. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,685 shares of company stock worth $4,121,245. Insiders own 0.38% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on EBAY shares. TD Securities increased their target price on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Cantor Fitzgerald increased their target price on shares of eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Stifel Nicolaus increased their target price on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. increased their target price on shares of eBay from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Evercore ISI increased their target price on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $67.32.
Check Out Our Latest Research Report on EBAY
eBay Stock Down 1.5%
Shares of EBAY traded down $1.05 during midday trading on Friday, hitting $69.51. The company had a trading volume of 3,476,333 shares, compared to its average volume of 4,968,666. eBay Inc. has a 1 year low of $51.02 and a 1 year high of $71.61. The firm has a market capitalization of $32.04 billion, a P/E ratio of 17.46, 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 quick ratio of 1.25 and a current ratio of 1.25. The company's 50-day simple moving average is $66.25 and its 200-day simple moving average is $65.22.
eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. As a group, sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current year.
eBay Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 1.67%. eBay's dividend payout ratio (DPR) is presently 27.62%.
eBay Company Profile
(
Free Report)
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.
Further Reading
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
