Robeco Institutional Asset Management B.V. Sells 67,731 Shares of eBay Inc. (NASDAQ:EBAY)

Robeco Institutional Asset Management B.V. decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,821,027 shares of the e-commerce company's stock after selling 67,731 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.39% of eBay worth $123,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after buying an additional 2,110 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of eBay in the 4th quarter valued at $8,644,000. Oppenheimer & Co. Inc. grew its holdings in shares of eBay by 5.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,150 shares of the e-commerce company's stock valued at $257,000 after buying an additional 224 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of eBay by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,904 shares of the e-commerce company's stock valued at $3,154,000 after buying an additional 238 shares during the period. Finally, Norges Bank acquired a new position in shares of eBay in the 4th quarter valued at $40,805,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Evercore ISI upped their target price on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Robert W. Baird upped their target price on shares of eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of eBay from $60.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $67.73.

eBay Stock Performance

Shares of EBAY stock traded up $0.08 on Friday, reaching $73.76. The stock had a trading volume of 7,438,208 shares, compared to its average volume of 5,044,000. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm's 50-day moving average is $72.49 and its two-hundred day moving average is $68.04. The firm has a market capitalization of $34.00 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.06 and a beta of 1.27. eBay Inc. has a 12 month low of $52.03 and a 12 month high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last issued its 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 company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. eBay's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. On average, research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.57%. eBay's payout ratio is 27.62%.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,413,725.60. This represents a 30.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 315,918 shares of company stock valued at $22,432,706. 0.64% of the stock is owned by company insiders.

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.