Bank of New York Mellon Corp decreased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,775,186 shares of the e-commerce company's stock after selling 76,113 shares during the period. Bank of New York Mellon Corp owned about 0.81% of eBay worth $255,693,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its position in eBay by 12.4% in 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. Independent Franchise Partners LLP grew its position in eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after buying an additional 2,277,839 shares during the period. Dimensional Fund Advisors LP grew its position in eBay by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after buying an additional 245,624 shares during the period. Northern Trust Corp grew its position in eBay by 17.8% during the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock worth $421,834,000 after buying an additional 1,030,292 shares during the period. Finally, Boston Partners grew its position in eBay by 35.2% during the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after buying an additional 1,524,691 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
Analyst Upgrades and Downgrades
EBAY has been the topic of several recent analyst reports. Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Monday, May 12th. Robert W. Baird increased their price target on shares of eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Evercore ISI increased their price target on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their price target on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $67.85.
Check Out Our Latest Analysis on eBay
Insider Buying and Selling at eBay
In related news, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the sale, the chief executive officer directly owned 317,625 shares of the company's stock, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction 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 sale, the senior vice president directly owned 123,282 shares of the company's stock, valued at approximately $8,559,469.26. The trade was a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 326,183 shares of company stock worth $23,490,942. 0.64% of the stock is currently owned by insiders.
eBay Trading Down 0.3%
NASDAQ:EBAY traded down $0.25 during trading hours on Tuesday, reaching $75.66. 401,058 shares of the company were exchanged, compared to its average volume of 5,028,565. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $34.88 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.13 and a beta of 1.26. eBay Inc. has a 52-week low of $52.15 and a 52-week high of $79.84. The stock has a 50 day simple moving average of $73.72 and a 200 day simple moving average of $68.67.
eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $1.25 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts predict that eBay Inc. will post 3.86 EPS for the current year.
eBay Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio is presently 27.62%.
About eBay
(
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.
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