eBay Inc. (NASDAQ:EBAY) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,183,161 shares of the e-commerce company's stock after buying an additional 60,848 shares during the quarter. Rhumbline Advisers owned about 0.26% of eBay worth $80,135,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. increased its position in 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 period. Independent Franchise Partners LLP grew its holdings in eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after acquiring an additional 2,277,839 shares during the period. Dimensional Fund Advisors LP raised its position in 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 acquiring an additional 245,624 shares in the last quarter. Northern Trust Corp lifted its holdings in eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after acquiring an additional 1,030,292 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of eBay by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock worth $367,767,000 after purchasing an additional 82,904 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on EBAY shares. Wells Fargo & Company raised their price objective on shares of eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on eBay from $60.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday. Barclays upped their price target on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets lifted their price objective on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Finally, Daiwa America raised eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus price target of $67.65.

eBay Trading Up 0.8%

eBay stock traded up $0.64 during trading on Thursday, reaching $77.74. The company had a trading volume of 6,632,755 shares, compared to its average volume of 4,974,214. eBay Inc. has a 12-month low of $51.72 and a 12-month high of $78.64. The stock's 50 day moving average price is $68.32 and its two-hundred day moving average price is $66.51. The firm has a market capitalization of $35.84 billion, a price-to-earnings ratio of 19.53, a PEG 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 posted its quarterly 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. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. As a group, equities analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.49%. eBay's payout ratio is 27.62%.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 280,650 shares of company stock valued at $19,637,729 over the last quarter. Company insiders own 0.64% of the company's stock.

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.