Baader Bank Aktiengesellschaft Has $1.20 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Key Points

• Baader Bank Aktiengesellschaft has drastically reduced its stake in eBay Inc. by 95.3%, leaving it with only 18,074 shares after selling 368,254 shares during the first quarter.
• Despite Baader Bank's divestment, several institutional investors, including Rosenberg Matthew Hamilton and Capital Investment Advisory Services, have increased their holdings in eBay during the same period.
• eBay recently reported $1.38 earnings per share for the quarter, surpassing analysts' expectations and indicating revenue growth of 1.1% year-over-year.

Baader Bank Aktiengesellschaft trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 95.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,074 shares of the e-commerce company's stock after selling 368,254 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in eBay were worth $1,198,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EBAY. Abound Financial LLC acquired a new stake in shares of eBay in the 1st quarter worth approximately $29,000. Orion Capital Management LLC acquired a new position in shares of eBay in the 4th quarter valued at $27,000. Pinney & Scofield Inc. purchased a new stake in eBay during the 4th quarter worth $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 raised its position in shares of eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after purchasing an additional 247 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

Shares of EBAY traded down $0.01 during mid-day trading on Friday, hitting $91.74. 11,877,999 shares of the company traded hands, compared to its average volume of 5,436,764. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.17 and a current ratio of 1.00. eBay Inc. has a 1 year low of $54.55 and a 1 year high of $92.79. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.43 and a beta of 1.27. The stock has a 50-day moving average price of $77.03 and a two-hundred day moving average price of $70.49.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly 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 firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Equities analysts anticipate 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 $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay's payout ratio is currently 25.55%.

Insider Buying and Selling 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 shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the transaction, the senior vice president owned 123,282 shares in the company, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the sale, the senior vice president directly owned 44,413 shares of the company's stock, valued at $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 337,222 shares of company stock valued at $24,463,922. Company insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Cowen restated a "hold" rating on shares of eBay in a research report on Tuesday, July 22nd. Wedbush reissued a "neutral" rating and issued a $72.00 target price on shares of eBay in a report on Wednesday, June 11th. Benchmark boosted their price target on shares of eBay from $78.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. TD Securities increased their price objective on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, Citizens Jmp raised shares of eBay to a "hold" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $77.69.

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.