Jacobs Levy Equity Management Inc. Cuts Holdings in eBay Inc. (NASDAQ:EBAY)

Jacobs Levy Equity Management Inc. trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 99.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,654 shares of the e-commerce company's stock after selling 814,687 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in eBay were worth $226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new stake in shares of eBay in the fourth quarter worth about $27,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the fourth quarter valued at about $33,000. Transce3nd LLC acquired a new position in shares of eBay during the 4th quarter worth approximately $36,000. New Wave Wealth Advisors LLC bought a new stake in eBay during the fourth quarter worth $36,000. Finally, Lee Danner & Bass Inc. acquired a new stake in eBay in the 4th quarter valued at about $40,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock worth $12,943,715 in the last quarter. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Sanford C. Bernstein downgraded eBay from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Benchmark raised their target price on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Citigroup lowered their price objective on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research report on Friday, April 25th. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Finally, Daiwa America upgraded shares of eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $67.42.

eBay Stock Performance

Shares of eBay stock traded down $1.01 during mid-day trading on Wednesday, hitting $71.58. 3,947,087 shares of the stock were exchanged, compared to its average volume of 4,994,164. The company has a market capitalization of $33.00 billion, a P/E ratio of 17.98, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day simple moving average of $66.80 and a 200 day simple moving average of $65.65. eBay Inc. has a 12 month low of $51.38 and a 12 month high of $72.94.

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 for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business's revenue was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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 1.62%. The ex-dividend date is Friday, May 30th. eBay's dividend payout ratio 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.