IFM Investors Pty Ltd Boosts Stock Position in eBay Inc. (NASDAQ:EBAY)

IFM Investors Pty Ltd raised its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,216 shares of the e-commerce company's stock after buying an additional 7,822 shares during the period. IFM Investors Pty Ltd's holdings in eBay were worth $6,720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP boosted its position in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after buying an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after purchasing an additional 245,624 shares in the last quarter. Northern Trust Corp raised its stake in shares of eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after purchasing an additional 1,030,292 shares in the last quarter. Finally, Boston Partners raised its stake in shares of eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Citigroup cut their target price on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Daiwa America upgraded shares of eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Stifel Nicolaus upped 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. Finally, JMP Securities restated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $67.85.

Insider Activity at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were 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 in the company, valued at approximately $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the sale, the chief executive officer owned 317,625 shares of the company's stock, valued at $24,145,852.50. The trade was a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,183 shares of company stock valued at $23,490,942. Insiders own 0.64% of the company's stock.

eBay Stock Performance

NASDAQ EBAY traded down $0.10 on Monday, hitting $76.26. The stock had a trading volume of 633,478 shares, compared to its average volume of 5,030,602. The company's 50-day moving average is $73.53 and its two-hundred day moving average is $68.59. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $35.16 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 2.13 and a beta of 1.26. eBay Inc. has a one year low of $52.15 and a one year high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. The business's revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.25 earnings per share. On average, analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 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.