Blair William & Co. IL Has $1.47 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Key Points

• Blair William & Co. IL has reduced its stake in eBay Inc. by 18.4%, selling 4,875 shares during the first quarter and now holds 21,679 shares valued at approximately $1.47 million.
• Multiple hedge funds have recently established new positions in eBay, with institutional investors owning 87.48% of the stock.
• eBay announced a quarterly dividend of $0.29 per share, which represents an annualized yield of 1.2%.

Blair William & Co. IL decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,679 shares of the e-commerce company's stock after selling 4,875 shares during the period. Blair William & Co. IL's holdings in eBay were worth $1,468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Impax Asset Management Group plc boosted its holdings 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 worth $239,037,000 after buying an additional 3,401,198 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings 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 worth $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP boosted its holdings 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 in the last quarter. Pacer Advisors Inc. boosted 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 worth $148,757,000 after buying an additional 2,154,735 shares in the last quarter. Finally, Marshall Wace LLP boosted 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 worth $130,421,000 after buying an additional 1,584,404 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Benchmark upped their price target on shares of eBay from $78.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Susquehanna upped their price target on shares of eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Citizens Jmp raised shares of eBay to a "hold" rating in a report on Thursday, July 10th. TD Securities upped their price target on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Argus downgraded shares of eBay from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $78.19.

eBay Stock Up 3.8%

EBAY stock traded up $3.71 during mid-day trading on Wednesday, hitting $100.77. 7,169,620 shares of the company were exchanged, compared to its average volume of 5,614,179. The firm has a fifty day simple moving average of $80.26 and a 200 day simple moving average of $72.11. The company has a market capitalization of $46.05 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.30 and a beta of 1.27. eBay Inc. has a twelve month low of $54.80 and a twelve month high of $100.96. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.30 by $0.07. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. On average, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio (DPR) is presently 25.55%.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total value of $961,196.88. Following the transaction, the chief executive officer directly owned 317,625 shares in the company, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president owned 92,053 shares in the company, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 276,104 shares of company stock valued at $22,025,676. Corporate insiders own 0.64% of the company's stock.

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.