USS Investment Management Ltd Sells 42,045 Shares of eBay Inc. (NASDAQ:EBAY)

USS Investment Management Ltd lowered its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,272 shares of the e-commerce company's stock after selling 42,045 shares during the period. USS Investment Management Ltd's holdings in eBay were worth $7,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EBAY. Smithfield Trust Co raised its stake in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after purchasing an additional 153 shares in the last quarter. IFP Advisors Inc grew its stake in eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after buying an additional 163 shares in the last quarter. Bailard Inc. increased its holdings in eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock valued at $2,147,000 after buying an additional 169 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of eBay by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company's stock valued at $270,000 after buying an additional 169 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its position in shares of eBay by 4.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company's stock valued at $267,000 after buying an additional 172 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of eBay 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 transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. This trade represents a 30.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,650 shares of company stock worth $19,637,729. Company insiders own 0.64% of the company's stock.

eBay Trading Up 1.1%

NASDAQ EBAY traded up $0.78 on Tuesday, reaching $72.70. The company had a trading volume of 1,548,182 shares, compared to its average volume of 4,961,870. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a fifty-two week low of $51.38 and a fifty-two week high of $72.94. The business has a 50 day moving average of $67.25 and a two-hundred day moving average of $65.98.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The business's revenue was up 1.1% on a year-over-year basis. Analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.60%. eBay's payout ratio is 27.62%.

Analyst Ratings Changes

A number of research analysts recently issued reports on EBAY shares. Susquehanna lifted their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Barclays raised their target price on eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Cantor Fitzgerald lifted their price target on eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Needham & Company LLC boosted their price target on eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, UBS Group raised their price objective on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $67.42.

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.