Cetera Investment Advisers Increases Position in eBay Inc. (NASDAQ:EBAY)

Cetera Investment Advisers boosted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 175,879 shares of the e-commerce company's stock after acquiring an additional 10,407 shares during the quarter. Cetera Investment Advisers' holdings in eBay were worth $11,912,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EBAY. Ameriprise Financial Inc. increased its stake 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 worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP increased its stake 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 worth $692,517,000 after purchasing an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after purchasing an additional 245,624 shares during the last quarter. Northern Trust Corp boosted its holdings in eBay by 17.8% in the 4th 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in eBay by 7.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,834,195 shares of the e-commerce company's stock worth $361,428,000 after buying an additional 386,568 shares during the period. Institutional investors own 87.48% of the company's stock.

Insider Activity

In related news, CEO Jamie Iannone sold 12,644 shares of the business's 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 transaction, the chief executive officer owned 325,053 shares in the company, valued at $25,698,690.18. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction dated 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 transaction, the senior vice president owned 123,282 shares in the company, valued at $8,559,469.26. This represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 337,222 shares of company stock worth $24,463,922 over the last ninety days. 0.64% of the stock is owned by insiders.

eBay Trading Down 0.0%

eBay stock traded down $0.01 during mid-day trading on Friday, hitting $91.74. The company's stock had a trading volume of 11,877,960 shares, compared to its average volume of 5,614,609. 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 stock has a market cap of $42.29 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. The business has a 50 day moving average price of $77.03 and a 200-day moving average price of $70.49. eBay Inc. has a 12 month low of $54.55 and a 12 month high of $92.79.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.17%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm posted $1.18 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts forecast that eBay Inc. will post 3.86 EPS 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 given a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay's payout ratio is presently 25.55%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EBAY shares. Cantor Fitzgerald set a $85.00 price objective on shares of eBay and gave the stock a "neutral" rating in a report on Thursday. Daiwa Capital Markets raised shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Monday, May 12th. Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Susquehanna boosted their price target on shares of eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $77.69.

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.