Davis Investment Partners LLC Trims Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Davis Investment Partners LLC trimmed its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 44.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,511 shares of the e-commerce company's stock after selling 10,081 shares during the period. Davis Investment Partners LLC's holdings in eBay were worth $827,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp grew its holdings in shares of eBay by 6.2% during the first quarter. Fifth Third Bancorp now owns 27,779 shares of the e-commerce company's stock worth $1,881,000 after buying an additional 1,630 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in eBay during the first quarter valued at $200,000. CX Institutional boosted its holdings in shares of eBay by 12.2% during the first quarter. CX Institutional now owns 5,409 shares of the e-commerce company's stock valued at $366,000 after acquiring an additional 590 shares during the period. Assenagon Asset Management S.A. lifted its holdings in eBay by 0.5% in the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock worth $3,596,000 after purchasing an additional 246 shares during the period. Finally, Michael S. Ryan Inc. acquired a new stake in eBay in the first quarter worth about $273,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EBAY. Daiwa Capital Markets raised shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Monday, May 12th. Wedbush reissued a "neutral" rating and set a $72.00 price objective on shares of eBay in a report on Wednesday. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Finally, Citigroup dropped their target price on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $67.73.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction that occurred on 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 now directly owns 123,282 shares in the company, 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. In the last ninety days, insiders sold 296,279 shares of company stock worth $20,872,193. 0.64% of the stock is owned by corporate insiders.

eBay Trading Down 0.1%

EBAY traded down $0.08 during trading on Friday, reaching $77.36. 3,415,910 shares of the company's stock were exchanged, compared to its average volume of 4,987,249. The firm has a market capitalization of $35.66 billion, a PE ratio of 19.44, a P/E/G ratio of 2.22 and a beta of 1.27. eBay Inc. has a fifty-two week low of $51.72 and a fifty-two week high of $79.84. The company's fifty day moving average price is $70.22 and its 200-day moving average price is $67.28. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY - Get Free Report) last announced 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 firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business's revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. eBay's payout ratio is 27.62%.

eBay Company 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.