Handelsbanken Fonder AB Trims Stock Position in eBay Inc. (NASDAQ:EBAY)

Handelsbanken Fonder AB decreased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 299,543 shares of the e-commerce company's stock after selling 12,889 shares during the period. Handelsbanken Fonder AB owned 0.06% of eBay worth $20,288,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 296,279 shares of company stock worth $20,872,193. 0.64% of the stock is currently owned by company insiders.

eBay Price Performance

Shares of NASDAQ EBAY traded down $0.44 during mid-day trading on Thursday, hitting $77.44. 4,679,796 shares of the company's stock traded hands, compared to its average volume of 4,995,152. The company's 50-day moving average is $69.54 and its two-hundred day moving average is $67.09. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $51.72 and a 1 year high of $79.84. The company has a market capitalization of $35.70 billion, a P/E ratio of 19.46, a PEG ratio of 2.22 and a beta of 1.27.

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

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 27.62%.

Wall Street Analyst Weigh In

EBAY has been the topic of several recent analyst reports. TD Securities lifted their price target on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Stifel Nicolaus upped their target price on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Daiwa America raised eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Finally, Wall Street Zen raised eBay from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.73.

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.