Koss Olinger Consulting LLC Buys New Shares in eBay Inc. (NASDAQ:EBAY)

Key Points

• Koss Olinger Consulting LLC purchased 8,401 shares of eBay Inc., with a total value of approximately $569,000, indicating growing institutional interest in the company.
• eBay reported $1.37 earnings per share for the last quarter, surpassing analysts' estimates, with revenue of $2.73 billion, marking a 6.1% year-over-year increase.
• The company announced a quarterly dividend of $0.29 per share, with payments set for September 12th, reflecting a dividend yield of 1.2%.

Koss Olinger Consulting LLC bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,401 shares of the e-commerce company's stock, valued at approximately $569,000.

Several other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of 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 acquiring an additional 3,149,934 shares during the period. Independent Franchise Partners LLP lifted its holdings in shares of 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 period. Dimensional Fund Advisors LP boosted its stake in shares of eBay by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after buying an additional 245,624 shares during the last quarter. Northern Trust Corp boosted its stake in shares of eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock worth $421,834,000 after buying an additional 1,030,292 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of eBay by 7.1% in the fourth 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 worth $361,428,000 after buying an additional 386,568 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of eBay stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares in the company, valued at approximately $23,228,813.25. The trade was a 3.46% 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 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

eBay Trading Up 0.1%

EBAY opened at $93.14 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day simple moving average is $79.43 and its two-hundred day simple moving average is $71.67. eBay Inc. has a 1-year low of $54.80 and a 1-year high of $93.50. The firm has a market capitalization of $42.56 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27.

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

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's payout ratio is presently 25.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EBAY. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research note on Monday, May 12th. Barclays restated an "overweight" rating and issued a $92.00 target price (up previously from $77.00) on shares of eBay in a research note on Thursday, July 31st. Susquehanna upped their target price on eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Citizens Jmp upgraded eBay to a "hold" rating in a research note on Thursday, July 10th. Finally, Robert W. Baird upped their target price on eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $78.19.

About eBay

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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