ING Groep NV Has $225,000 Position in eBay Inc. (NASDAQ:EBAY)

Key Points

• ING Groep NV has significantly reduced its stake in eBay, selling 18,559 shares to hold 3,319 shares, a decrease of 84.8% during the first quarter.
• eBay recently announced a quarterly dividend of $0.29 per share, translating to an annualized payout of $1.16 and a yield of 1.2%.
• eBay's stock is currently rated as a "Hold" with an average price target of $78.19, amidst varying recommendations from multiple analysts.

ING Groep NV lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 84.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,319 shares of the e-commerce company's stock after selling 18,559 shares during the period. ING Groep NV's holdings in eBay were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Impax Asset Management Group plc raised its position in shares of eBay by 2,536.5% during the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after purchasing an additional 3,401,198 shares during the period. Ameriprise Financial Inc. raised 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 raised 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. Pacer Advisors Inc. raised its position in eBay by 5,181.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock valued at $148,757,000 after buying an additional 2,154,735 shares during the last quarter. Finally, Marshall Wace LLP raised its position in eBay by 304.2% in the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after buying an additional 1,584,404 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

NASDAQ EBAY traded up $0.12 during midday trading on Friday, hitting $93.14. The company had a trading volume of 5,326,361 shares, compared to its average volume of 6,380,925. The company has a market capitalization of $42.56 billion, a PE ratio of 20.52, a P/E/G ratio of 2.25 and a beta of 1.27. 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 firm has a 50-day moving average price of $79.43 and a 200-day moving average price of $71.67. eBay Inc. has a twelve month low of $54.80 and a twelve month high of $93.50.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. eBay's revenue was up 6.1% on a year-over-year basis. As a group, analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

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 issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. eBay's payout ratio is 25.55%.

Insiders Place Their Bets

In other news, SVP Julie A. Loeger sold 92,895 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was 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 owned 123,282 shares of the company's stock, valued at approximately $8,883,700.92. The trade was a 42.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business's stock in a transaction on 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 position. The disclosure for this sale can be found here. Insiders sold a total of 276,104 shares of company stock worth $22,025,676 over the last 90 days. Corporate insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EBAY shares. Barclays reissued an "overweight" rating and issued a $92.00 target price (up previously from $77.00) on shares of eBay in a research report on Thursday, July 31st. Wells Fargo & Company lifted their target price on eBay from $66.00 to $84.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Susquehanna raised their price target on eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $78.19.

eBay 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.