eBay Inc. (NASDAQ:EBAY) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in eBay Inc. by 19.7%, now holding 3,317,907 shares valued at $224.72 million after selling 813,435 shares in the 1st quarter.
• Several institutional investors, including Impax Asset Management and Ameriprise Financial, significantly increased their positions in eBay, with Impax raising its stake by 2,536.5%.
• eBay's recent quarterly earnings report revealed an EPS of $1.37, surpassing expectations, and the company declared a quarterly dividend of $0.29 per share, payable on September 12th.

Deutsche Bank AG lessened its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 19.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,317,907 shares of the e-commerce company's stock after selling 813,435 shares during the quarter. Deutsche Bank AG owned 0.72% of eBay worth $224,722,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in eBay during the 4th quarter valued at about $27,000. Abound Financial LLC bought a new stake in eBay during the 1st quarter valued at about $29,000. Pinney & Scofield Inc. bought a new stake in eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in eBay during the 4th quarter valued at about $33,000. Finally, Transce3nd LLC bought a new stake in eBay during the 4th quarter valued at about $36,000. Institutional investors own 87.48% of the company's stock.

eBay Stock Performance

NASDAQ:EBAY traded up $2.08 during trading hours on Wednesday, hitting $99.14. 2,660,842 shares of the company were exchanged, compared to its average volume of 5,600,190. The stock has a market capitalization of $45.31 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.30 and a beta of 1.27. eBay Inc. has a 52-week low of $54.80 and a 52-week high of $99.33. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day moving average price is $80.26 and its 200-day moving average price is $72.11.

eBay (NASDAQ:EBAY - Get Free Report) last released its 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. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. eBay's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. As a group, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. eBay's payout ratio is presently 25.55%.

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of eBay stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of eBay stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the sale, the senior vice president owned 53,107 shares of the company's stock, valued at approximately $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 276,104 shares of company stock valued at $22,025,676. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays reiterated an "overweight" rating and set a $92.00 price objective (up previously from $77.00) on shares of eBay in a report on Thursday, July 31st. Morgan Stanley lifted their price objective on shares of eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Argus lowered shares of eBay from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 7th. Citizens Jmp upgraded shares of eBay to a "hold" rating in a report on Thursday, July 10th. Finally, TD Securities raised their target price on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $78.19.

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.