Picton Mahoney Asset Management bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,670 shares of the e-commerce company's stock, valued at approximately $249,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. Rosenberg Matthew Hamilton raised its holdings in shares of eBay by 36.5% during the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after purchasing an additional 160 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of eBay by 4.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after purchasing an additional 160 shares in the last quarter. Journey Strategic Wealth LLC raised its holdings in shares of eBay by 4.4% during the 1st quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock valued at $266,000 after purchasing an additional 166 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of eBay by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock valued at $4,024,000 after purchasing an additional 167 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of eBay by 1.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,149 shares of the e-commerce company's stock valued at $620,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.
eBay Price Performance
NASDAQ:EBAY traded down $0.01 on Friday, reaching $91.74. The stock had a trading volume of 11,877,999 shares, compared to its average volume of 5,436,764. The company has a market capitalization of $42.29 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27. eBay Inc. has a 1-year low of $54.55 and a 1-year high of $92.79. The company has a quick ratio of 1.17, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock has a fifty day moving average price of $77.03 and a 200-day moving average price of $70.49.
eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.
eBay Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid 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 payout ratio is currently 25.55%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on EBAY shares. Robert W. Baird raised their price target on shares of eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft raised their target price 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. TD Securities raised their target price on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. BMO Capital Markets upgraded shares of eBay from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $70.00 to $102.00 in a research report on Thursday. Finally, Citizens Jmp upgraded shares of eBay to a "hold" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $77.69.
Check Out Our Latest Report on eBay
Insider Activity at eBay
In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction dated Friday, May 9th. The shares were 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 directly owned 123,282 shares of the company's stock, valued at approximately $8,559,469.26. The trade was a 50.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the sale, the senior vice president directly owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 337,222 shares of company stock valued at $24,463,922. Insiders own 0.64% of the company's stock.
About eBay
(
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.
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