Jupiter Asset Management Ltd. Has $58.45 Million Position in eBay Inc. (NASDAQ:EBAY)

Key Points

• Jupiter Asset Management Ltd. has reduced its stake in eBay Inc. by 19.9%, now holding approximately $58.45 million in shares after selling 214,046 shares.
• eBay reported earnings of $1.37 per share for the last quarter, exceeding analysts' expectations and marking a revenue increase of 6.1% year-over-year.
• The company recently declared a quarterly dividend of $0.29 per share, yielding an annualized rate of 1.3% with a payout ratio of 25.55%.

Jupiter Asset Management Ltd. lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 19.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 863,037 shares of the e-commerce company's stock after selling 214,046 shares during the period. Jupiter Asset Management Ltd. owned about 0.19% of eBay worth $58,453,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. increased its stake in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in shares of eBay by 25.6% during 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 purchasing an additional 2,277,839 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of eBay by 3.6% during 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 holdings in shares of eBay by 17.8% during 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of eBay by 7.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,834,195 shares of the e-commerce company's stock valued at $361,428,000 after purchasing an additional 386,568 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $91.74 on Friday. The business's fifty day moving average price is $77.42 and its two-hundred day moving average price is $70.68. eBay Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $92.79. The stock has a market capitalization of $42.29 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.17.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, beating 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 firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio is 25.55%.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction on Friday, June 6th. The stock was 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 owned 92,053 shares in the company, valued at approximately $7,241,809.51. The trade was a 3.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 92,895 shares of eBay stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 337,222 shares of company stock valued at $24,463,922. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on EBAY. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. Wall Street Zen raised shares of eBay from a "hold" rating to a "buy" rating in a report on Saturday. TD Securities upped their price objective on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Susquehanna upped their price objective on shares of eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday. Finally, UBS Group set a $87.00 price objective on shares of eBay in a report on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $77.69.

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.

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