DekaBank Deutsche Girozentrale Sells 11,893 Shares of eBay Inc. (NASDAQ:EBAY)

DekaBank Deutsche Girozentrale decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,980 shares of the e-commerce company's stock after selling 11,893 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in eBay were worth $7,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Abound Financial LLC bought a new stake in eBay in the 1st quarter worth approximately $29,000. Orion Capital Management LLC purchased a new position in eBay in the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. purchased a new position in eBay in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay in the 4th quarter worth approximately $33,000. Finally, Sierra Ocean LLC increased its stake in eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after purchasing an additional 247 shares during the period. Institutional investors own 87.48% of the company's stock.

Insider Buying and Selling

In other news, SVP Julie A. Loeger sold 92,895 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total value of $6,694,013.70. Following the sale, the senior vice president directly owned 123,282 shares of the company's stock, valued at approximately $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the completion of the sale, the chief executive officer directly owned 306,651 shares in the company, valued at approximately $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 326,183 shares of company stock valued at $23,490,942. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EBAY. Wells Fargo & Company lifted their price target on eBay from $63.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Monday, June 30th. Wedbush reaffirmed a "neutral" rating and issued a $72.00 price target on shares of eBay in a research note on Wednesday, June 11th. Stifel Nicolaus lifted their price target on eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Finally, Cfra Research raised eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, eBay has a consensus rating of "Hold" and a consensus target price of $68.12.

eBay Price Performance

Shares of EBAY stock opened at $77.11 on Friday. The stock has a market cap of $35.55 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.16 and a beta of 1.26. The business's fifty day moving average is $74.41 and its 200 day moving average is $68.95. eBay Inc. has a twelve month low of $53.10 and a twelve month high of $79.84. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. Research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business 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. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. eBay's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.