Thompson Investment Management Inc. Trims Position in eBay Inc. (NASDAQ:EBAY)

Thompson Investment Management Inc. lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,782 shares of the e-commerce company's stock after selling 8,176 shares during the period. eBay comprises 1.4% of Thompson Investment Management Inc.'s holdings, making the stock its 20th largest holding. Thompson Investment Management Inc.'s holdings in eBay were worth $9,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. CX Institutional boosted its position in eBay by 12.2% in the first quarter. CX Institutional now owns 5,409 shares of the e-commerce company's stock valued at $366,000 after buying an additional 590 shares in the last quarter. Assenagon Asset Management S.A. increased its stake 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 valued at $3,596,000 after purchasing an additional 246 shares in the last quarter. Michael S. Ryan Inc. bought a new stake in eBay in the first quarter valued at $273,000. Integrated Advisors Network LLC increased its stake in eBay by 48.8% in the first quarter. Integrated Advisors Network LLC now owns 5,037 shares of the e-commerce company's stock valued at $341,000 after purchasing an additional 1,651 shares in the last quarter. Finally, Parsons Capital Management Inc. RI increased its position in shares of eBay by 4.6% during the first quarter. Parsons Capital Management Inc. RI now owns 21,183 shares of the e-commerce company's stock worth $1,435,000 after acquiring an additional 926 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $79.06, for a total transaction of $999,634.64. Following the completion of the sale, the chief executive officer now directly owns 325,053 shares of the company's stock, valued at approximately $25,698,690.18. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 296,279 shares of company stock valued at $20,872,193 in the last three months. Company insiders own 0.64% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on EBAY shares. Bank of America decreased their target price on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus boosted their target price on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird boosted their target price on shares of eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Finally, Wedbush reiterated a "neutral" rating and issued a $72.00 target price on shares of eBay in a research note on Wednesday. Two 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $67.73.

eBay Trading Down 0.1%

Shares of eBay stock traded down $0.08 during trading on Friday, reaching $77.36. The company's stock had a trading volume of 3,415,910 shares, compared to its average volume of 4,987,249. eBay Inc. has a 52-week low of $51.72 and a 52-week high of $79.84. The company has a market cap of $35.66 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.22 and a beta of 1.27. The firm's 50-day moving average is $70.22 and its two-hundred day moving average is $67.28. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. On average, sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

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