3,118 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by AIA Group Ltd

Key Points

• AIA Group Ltd has acquired a new position in eBay Inc., purchasing 3,118 shares valued at approximately $211,000.
• Wall Street analysts generally rated eBay as a "hold," with a consensus price target of $78.19, despite varying opinions among analysts.
• eBay announced a quarterly dividend of $0.29 per share payable on September 12, reflecting a 1.2% dividend yield for investors.

AIA Group Ltd bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,118 shares of the e-commerce company's stock, valued at approximately $211,000.

A number of other hedge funds also recently bought and sold shares of EBAY. Impax Asset Management Group plc increased its position in eBay by 2,536.5% during the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after acquiring an additional 3,401,198 shares during the last quarter. Ameriprise Financial Inc. increased its position in eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares during the last quarter. Nuveen LLC bought a new stake in eBay during the first quarter valued at about $202,346,000. Pacer Advisors Inc. grew its holdings in eBay by 5,181.4% during the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock valued at $148,757,000 after purchasing an additional 2,154,735 shares during the period. Finally, Marshall Wace LLP grew its holdings in eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after purchasing an additional 1,584,404 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Trading Down 2.3%

EBAY traded down $2.29 during trading on Thursday, hitting $98.48. The company's stock had a trading volume of 6,043,537 shares, compared to its average volume of 6,904,239. The firm's 50 day moving average price is $81.15 and its 200-day moving average price is $72.52. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $45.01 billion, a PE ratio of 21.69, a PEG ratio of 2.44 and a beta of 1.27. eBay Inc. has a twelve month low of $54.80 and a twelve month high of $100.96.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the previous year, the company earned $1.18 EPS. The business's quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay's payout ratio is currently 25.55%.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the transaction, the senior vice president owned 92,053 shares in the company, valued at $7,241,809.51. The trade was a 3.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the transaction, the senior vice president directly owned 123,282 shares of the company's stock, valued at approximately $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 276,104 shares of company stock worth $22,025,676. 0.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on EBAY shares. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Morgan Stanley increased their price target on shares of eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. 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 report on Friday, April 25th. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. Finally, Robert W. Baird lifted their price target on shares of eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, eBay currently has an average rating of "Hold" and an average target price of $78.19.

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.