Forsta AP Fonden cut its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 55.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,400 shares of the e-commerce company's stock after selling 115,200 shares during the quarter. Forsta AP Fonden's holdings in eBay were worth $6,326,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of eBay in the fourth quarter valued at approximately $27,000. Abound Financial LLC bought a new position in shares of eBay in the first quarter valued at approximately $29,000. Pinney & Scofield Inc. bought a new position in shares of eBay in the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay in the fourth quarter valued at approximately $33,000. Finally, Transce3nd LLC bought a new position in shares of eBay in the fourth quarter valued at approximately $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at eBay
In related news, SVP Cornelius Boone sold 2,985 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president directly owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the transaction, the senior vice president directly owned 123,282 shares of the company's stock, valued at $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,104 shares of company stock valued at $22,025,676 over the last quarter. Insiders own 0.64% of the company's stock.
eBay Trading Up 1.8%
Shares of EBAY traded up $1.76 on Tuesday, reaching $97.06. 5,688,721 shares of the company's stock were exchanged, compared to its average volume of 6,630,548. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $44.36 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 2.30 and a beta of 1.27. The business has a 50 day moving average price of $80.26 and a two-hundred day moving average price of $72.11. eBay Inc. has a 12 month low of $54.80 and a 12 month high of $97.19.
eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the company posted $1.18 EPS. eBay's revenue for the quarter was up 6.1% on a year-over-year basis. Research 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 will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's dividend payout ratio (DPR) is currently 25.55%.
Wall Street Analysts Forecast Growth
EBAY has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. TD Securities boosted their target price on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird boosted their target price on shares of eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Wells Fargo & Company boosted their target price on shares of eBay from $66.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, eBay currently has an average rating of "Hold" and a consensus target price of $78.19.
View Our Latest Report on EBAY
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.
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