Allspring Global Investments Holdings LLC decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 47.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 259,237 shares of the e-commerce company's stock after selling 232,744 shares during the period. Allspring Global Investments Holdings LLC owned 0.06% of eBay worth $17,576,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of EBAY. Ameriprise Financial Inc. raised its holdings 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 valued at $1,765,148,000 after buying an additional 3,149,934 shares during the period. Independent Franchise Partners LLP grew its position in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Marshall Wace LLP raised its stake in shares of eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after purchasing an additional 1,584,404 shares during the period. Raymond James Financial Inc. purchased a new position in shares of eBay in the fourth quarter valued at $96,214,000. Finally, Boston Partners increased its stake in eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after buying an additional 1,524,691 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
Insider Buying and Selling
In related news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer directly owned 65,080 shares in the company, valued at approximately $4,308,946.80. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president owned 92,053 shares of the company's stock, valued at $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 280,358 shares of company stock worth $20,032,051 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Monday. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Susquehanna upped their price target on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, May 5th. JPMorgan Chase & Co. boosted their target price on shares of eBay from $60.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Citigroup reduced their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $67.85.
Read Our Latest Report on eBay
eBay Stock Down 0.4%
EBAY stock opened at $75.78 on Thursday. The firm has a market cap of $34.93 billion, a PE ratio of 18.04, a P/E/G ratio of 2.13 and a beta of 1.26. eBay Inc. has a 12 month low of $52.14 and a 12 month high of $79.84. 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 firm has a 50 day simple moving average of $73.18 and a 200 day simple moving average of $68.36.
eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business posted $1.25 EPS. The company's revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.
eBay Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.53%. eBay's dividend payout ratio (DPR) is presently 27.62%.
About eBay
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY - Free Report).
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