Free Trial

Marble Harbor Investment Counsel LLC Cuts Stake in eBay Inc. (NASDAQ:EBAY)

eBay logo with Retail/Wholesale background

Key Points

  • Marble Harbor Investment Counsel LLC has decreased its stake in eBay Inc. by 1.6%, owning 318,101 shares worth approximately $21.5 million as of the latest filing.
  • Analysts have mixed ratings on eBay, with a consensus rating of "Hold" and a target price of $77.69, while some firms have issued higher price objectives of up to $90.00.
  • eBay has announced a quarterly dividend of $0.29 per share, with an annualized yield of 1.3%, reflecting a payout ratio of 25.55%.
  • MarketBeat previews top five stocks to own in September.

Marble Harbor Investment Counsel LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,101 shares of the e-commerce company's stock after selling 5,319 shares during the period. eBay comprises 2.4% of Marble Harbor Investment Counsel LLC's investment portfolio, making the stock its 11th biggest position. Marble Harbor Investment Counsel LLC owned about 0.07% of eBay worth $21,545,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of eBay during the fourth quarter worth about $27,000. Abound Financial LLC purchased a new stake in eBay during the 1st quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new stake in eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new stake in eBay during the 4th quarter valued at about $33,000. Finally, Transce3nd LLC purchased a new stake in eBay during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EBAY shares. Daiwa Capital Markets raised shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Monday, May 12th. Evercore ISI upped their price objective on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Cowen reaffirmed a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.69.

Check Out Our Latest Analysis on EBAY

eBay Stock Performance

Shares of EBAY stock opened at $91.74 on Friday. The firm's 50 day moving average price is $77.42 and its 200-day moving average price is $70.72. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.17 and a current ratio of 1.00. eBay Inc. has a one year low of $54.55 and a one year high of $92.79. The firm has a market cap of $42.29 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.43 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. As a group, equities research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed 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. 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 1.3%. eBay's dividend payout ratio is currently 25.55%.

Insider Activity

In related news, SVP Julie A. Loeger sold 92,895 shares of the 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 transaction, the senior vice president directly owned 123,282 shares of the company's stock, valued at $8,883,700.92. This trade represents a 42.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 337,222 shares of company stock valued at $24,463,922. 0.64% of the stock is currently owned by company insiders.

eBay Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY - Free Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in eBay Right Now?

Before you consider eBay, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.

While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines