Janus Henderson Group PLC Has $4.04 Million Position in eBay Inc. (NASDAQ:EBAY)

Janus Henderson Group PLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,139 shares of the e-commerce company's stock after selling 4,602 shares during the quarter. Janus Henderson Group PLC's holdings in eBay were worth $4,037,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in shares of eBay during the fourth quarter worth $27,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay during the fourth quarter worth $33,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay during the fourth quarter worth $36,000. Transce3nd LLC bought a new stake in shares of eBay during the fourth quarter worth $36,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of eBay during the fourth quarter worth $40,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Up 0.8%

Shares of eBay stock opened at $72.43 on Tuesday. The business's 50 day simple moving average is $66.63 and its 200 day simple moving average is $65.60. eBay Inc. has a 52-week low of $51.02 and a 52-week high of $72.49. The firm has a market cap of $33.39 billion, a PE ratio of 18.20, 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.

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 analysts' consensus estimates 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 analyst estimates of $2.55 billion. During the same quarter last year, the firm earned $1.25 EPS. eBay's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio is presently 27.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Benchmark raised their price target on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Bank of America decreased their price target on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Morgan Stanley raised their price target on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a report on Monday, May 12th. Finally, Wells Fargo & Company raised their price target on eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $67.42.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at $8,559,469.26. This trade represents a 50.76% 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, SVP Cornelius Boone sold 3,958 shares of the firm'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 value of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,755 shares of company stock valued at $12,943,715. 0.64% of the stock is owned by insiders.

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.

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