Arlington Partners LLC Decreases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Arlington Partners LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,726 shares of the e-commerce company's stock after selling 3,520 shares during the quarter. eBay accounts for about 1.7% of Arlington Partners LLC's investment portfolio, making the stock its 22nd biggest position. Arlington Partners LLC's holdings in eBay were worth $4,452,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of eBay during the fourth quarter worth approximately $27,000. Pinney & Scofield Inc. bought a new stake in eBay during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay during the 4th quarter valued at $33,000. Transce3nd LLC bought a new position in eBay in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new position in eBay in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Stock Down 1.1%

Shares of NASDAQ EBAY traded down $0.84 during trading on Thursday, reaching $73.68. The company had a trading volume of 6,989,315 shares, compared to its average volume of 5,030,886. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $33.97 billion, a PE ratio of 17.54, a P/E/G ratio of 2.08 and a beta of 1.27. eBay Inc. has a 12-month low of $52.03 and a 12-month high of $79.84. The business's 50-day moving average is $72.34 and its 200 day moving average is $67.98.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results 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. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. As a group, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.57%. eBay's dividend payout ratio (DPR) is 27.62%.

Analyst Upgrades and Downgrades

EBAY has been the topic of several research analyst reports. Cantor Fitzgerald raised their target price on eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research report on Monday, May 12th. Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Evercore ISI increased their price target on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC boosted their price objective on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" 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 given a strong buy rating to the company. Based on data from MarketBeat.com, eBay has an average rating of "Hold" and an average price target of $67.73.

Insider Transactions at eBay

In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the sale, the senior vice president now owns 123,282 shares in the company, valued at $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. This represents a 30.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 315,918 shares of company stock worth $22,432,706 in the last three months. Corporate insiders own 0.64% of the company's stock.

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.