Wellington Management Group LLP Has $84.55 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Wellington Management Group LLP lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,364,802 shares of the e-commerce company's stock after selling 255,622 shares during the quarter. Wellington Management Group LLP owned about 0.29% of eBay worth $84,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new stake in eBay in the fourth quarter worth about $27,000. Orion Capital Management LLC bought a new stake in shares of eBay during the 4th quarter worth about $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay during the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the 4th quarter worth approximately $33,000. Finally, Ameriflex Group Inc. bought a new position in shares of eBay in the fourth quarter valued at approximately $38,000. Institutional investors own 87.48% of the company's stock.

eBay Stock Up 0.6%

Shares of NASDAQ:EBAY traded up $0.41 during trading on Friday, reaching $73.15. 8,557,956 shares of the company traded hands, compared to its average volume of 4,967,331. The firm has a fifty day simple moving average of $67.76 and a 200 day simple moving average of $66.22. The firm has a market cap of $33.72 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. eBay Inc. has a 1-year low of $51.72 and a 1-year high of $73.33. 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 issued its earnings results 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 analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS. Analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, May 30th. eBay's dividend payout ratio (DPR) is currently 27.62%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. The trade was a 30.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction 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 completion of the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 280,650 shares of company stock valued at $19,637,729 in the last quarter. Company insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group boosted their target price on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a research note on Monday, May 12th. Needham & Company LLC raised their target price on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Sanford C. Bernstein cut shares of eBay from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company upped their price target on shares of eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $67.42.

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.