eBay Inc. (NASDAQ:EBAY) Stock Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,132,953 shares of the e-commerce company's stock after selling 15,760 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of eBay worth $76,735,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in eBay during the 4th quarter worth $27,000. Pinney & Scofield Inc. purchased a new position in eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay during the fourth quarter valued at about $33,000. Transce3nd LLC purchased a new stake in shares of eBay during the fourth quarter worth about $36,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of eBay during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.26 during trading hours on Thursday, hitting $76.04. The stock had a trading volume of 2,158,685 shares, compared to its average volume of 5,029,288. The stock's fifty day simple moving average is $73.18 and its 200 day simple moving average is $68.36. The firm has a market capitalization of $35.05 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.13 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. eBay Inc. has a 1-year low of $52.14 and a 1-year high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period last year, the firm earned $1.25 EPS. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, May 30th. eBay's payout ratio is 27.62%.

Insider Buying and Selling at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $75.04, for a total value of $1,666,413.28. Following the completion of the sale, the senior vice president directly owned 22,206 shares of the company's stock, valued at $1,666,338.24. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 10,974 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer owned 306,651 shares of the company's stock, valued at approximately $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,183 shares of company stock valued at $23,490,942 over the last 90 days. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on EBAY. Robert W. Baird raised their price objective on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Citigroup dropped their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Finally, UBS Group increased their price objective on shares of eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $67.85.

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.