Impax Asset Management Group plc Increases Position in eBay Inc. (NASDAQ:EBAY)

Impax Asset Management Group plc grew its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 2,536.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,535,290 shares of the e-commerce company's stock after purchasing an additional 3,401,198 shares during the period. eBay makes up 1.4% of Impax Asset Management Group plc's holdings, making the stock its 17th largest position. Impax Asset Management Group plc owned approximately 0.76% of eBay worth $239,037,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EBAY. IFM Investors Pty Ltd boosted its position in eBay by 8.2% during the first quarter. IFM Investors Pty Ltd now owns 103,216 shares of the e-commerce company's stock worth $6,720,000 after purchasing an additional 7,822 shares in the last quarter. Calamos Advisors LLC increased its holdings in shares of eBay by 1.1% in the first quarter. Calamos Advisors LLC now owns 150,775 shares of the e-commerce company's stock valued at $10,212,000 after purchasing an additional 1,673 shares during the last quarter. North Capital Inc. acquired a new stake in shares of eBay in the first quarter valued at approximately $38,000. D.A. Davidson & CO. increased its holdings in shares of eBay by 5.7% in the first quarter. D.A. Davidson & CO. now owns 15,093 shares of the e-commerce company's stock valued at $1,022,000 after purchasing an additional 820 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in eBay by 36.5% in the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after purchasing an additional 160 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total value of $1,825,935.86. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the firm's stock in a transaction dated 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 in the company, valued at $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 326,183 shares of company stock valued at $23,490,942. Corporate insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EBAY. Needham & Company LLC lifted their target price on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird lifted their target price on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Monday, May 12th. Wedbush reaffirmed a "neutral" rating and issued a $72.00 price objective on shares of eBay in a research note on Wednesday, June 11th. Finally, Wall Street Zen raised eBay from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $67.85.

eBay Price Performance

Shares of EBAY traded down $0.59 on Tuesday, reaching $75.32. The stock had a trading volume of 2,133,513 shares, compared to its average volume of 5,040,159. The firm has a market capitalization of $34.72 billion, a PE ratio of 17.93, a PEG ratio of 2.13 and a beta of 1.26. 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 firm has a 50-day moving average of $73.72 and a 200 day moving average of $68.67. eBay Inc. has a twelve month low of $52.15 and a twelve month high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The firm had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. eBay's quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio (DPR) is currently 27.62%.

eBay Company Profile

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.