AustralianSuper Pty Ltd Has $115.25 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

AustralianSuper Pty Ltd raised its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 39.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,701,646 shares of the e-commerce company's stock after acquiring an additional 485,006 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.37% of eBay worth $115,252,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Orion Capital Management LLC purchased a new stake in eBay during the 4th quarter valued at approximately $27,000. Abound Financial LLC purchased a new position in eBay in the 1st quarter valued at approximately $29,000. Pinney & Scofield Inc. acquired a new stake in eBay during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay during the fourth quarter worth $33,000. Finally, Transce3nd LLC acquired a new position in eBay in the fourth quarter valued at $36,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $79.06, for a total transaction of $999,634.64. Following the completion of the sale, the chief executive officer owned 325,053 shares of the company's stock, valued at approximately $25,698,690.18. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the sale, the senior vice president directly owned 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. Over the last 90 days, insiders sold 347,222 shares of company stock valued at $25,143,522. Corporate insiders own 0.64% of the company's stock.

eBay Price Performance

eBay stock traded up $0.69 during trading hours on Monday, hitting $78.83. 1,917,026 shares of the stock were exchanged, compared to its average volume of 5,060,207. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $36.34 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.18 and a beta of 1.26. eBay Inc. has a 12 month low of $53.10 and a 12 month high of $79.84. The business's 50-day moving average is $75.13 and its two-hundred day moving average is $69.55.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. Equities research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is currently 27.62%.

Analyst Upgrades and Downgrades

Several research firms have commented on EBAY. Sanford C. Bernstein lowered eBay from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $70.00 to $65.00 in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Needham & Company LLC boosted their price objective on eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wall Street Zen raised eBay from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Finally, Wells Fargo & Company upped their price target on eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, June 30th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, eBay presently has a consensus rating of "Hold" and a consensus target price of $68.38.

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.