Css LLC Il Has $1.33 Million Position in eBay Inc. (NASDAQ:EBAY)

Css LLC Il lifted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 51.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,415 shares of the e-commerce company's stock after purchasing an additional 7,310 shares during the period. Css LLC Il's holdings in eBay were worth $1,327,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Smithfield Trust Co raised its position in shares of eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after acquiring an additional 153 shares during the period. IFP Advisors Inc boosted its position in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after purchasing an additional 163 shares in the last quarter. Bailard Inc. grew its holdings in shares of eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock valued at $2,147,000 after buying an additional 169 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in shares of eBay by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company's stock valued at $270,000 after buying an additional 169 shares during the period. Finally, HighPoint Advisor Group LLC increased its position in shares of eBay by 4.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company's stock valued at $267,000 after buying an additional 172 shares in the last quarter. 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. JPMorgan Chase & Co. lifted their target price on eBay from $54.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Needham & Company LLC raised their target price on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Robert W. Baird lifted their price target on shares of eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.42.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the transaction, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at approximately $39,153,665.80. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 187,755 shares of company stock worth $12,943,715 in the last 90 days. Company insiders own 0.64% of the company's stock.

eBay Trading Up 0.2%

Shares of eBay stock opened at $72.59 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $66.80 and a two-hundred day simple moving average of $65.65. eBay Inc. has a 1 year low of $51.13 and a 1 year high of $72.94. The company has a market capitalization of $33.46 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter last year, the company posted $1.25 EPS. eBay's quarterly revenue was up 1.1% compared to the same quarter last year. Research 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, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio is 27.62%.

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.

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