Greenline Partners LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Greenline Partners LLC bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,595 shares of the e-commerce company's stock, valued at approximately $718,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Ameriprise Financial Inc. grew its holdings in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares during the period. Independent Franchise Partners LLP grew its holdings in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after buying an additional 2,277,839 shares during the period. Dimensional Fund Advisors LP grew its holdings in eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after buying an additional 245,624 shares during the period. Northern Trust Corp grew its holdings in eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after buying an additional 1,030,292 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after buying an additional 82,904 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. This trade represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock worth $12,943,715 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EBAY. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a research note on Monday. Benchmark lifted their price objective on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus lifted their price objective on eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Bank of America reduced their price objective on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Finally, BMO Capital Markets lifted their price objective on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.42.

eBay Stock Performance

Shares of NASDAQ:EBAY traded down $0.02 on Wednesday, hitting $69.15. The company's stock had a trading volume of 3,683,686 shares, compared to its average volume of 4,973,231. eBay Inc. has a 12 month low of $51.02 and a 12 month high of $71.61. The company has a market capitalization of $31.88 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The stock's 50-day moving average is $66.33 and its two-hundred day moving average is $65.29. 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 released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.68%. eBay's dividend payout ratio (DPR) is 27.62%.

eBay 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.