Man Group plc Purchases 106,905 Shares of eBay Inc. (NASDAQ:EBAY)

Man Group plc lifted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 63.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,184 shares of the e-commerce company's stock after buying an additional 106,905 shares during the period. Man Group plc owned approximately 0.06% of eBay worth $17,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EBAY. Capital Investment Advisors LLC increased its holdings in eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock valued at $262,000 after buying an additional 167 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of eBay by 21.7% during the 4th quarter. Park Avenue Securities LLC now owns 13,776 shares of the e-commerce company's stock worth $853,000 after acquiring an additional 2,454 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of eBay by 129.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,433 shares of the e-commerce company's stock valued at $151,000 after acquiring an additional 1,372 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of eBay by 7.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,340 shares of the e-commerce company's stock worth $269,000 after purchasing an additional 289 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of eBay by 7.4% in the 4th quarter. Ritholtz Wealth Management now owns 63,136 shares of the e-commerce company's stock worth $3,911,000 after purchasing an additional 4,356 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of EBAY stock traded up $0.50 during trading hours on Thursday, hitting $72.08. The stock had a trading volume of 1,061,744 shares, compared to its average volume of 4,978,879. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $33.23 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 2.22 and a beta of 1.30. eBay Inc. has a one year low of $51.38 and a one year high of $72.94. The stock's 50-day moving average price is $66.92 and its two-hundred day moving average price is $65.69.

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 for the quarter, beating 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 business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter last year, the business posted $1.25 EPS. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts forecast that eBay Inc. will post 3.86 EPS for the current 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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 27.62%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at $39,153,665.80. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,755 shares of company stock worth $12,943,715. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Susquehanna lifted their target price on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Robert W. Baird upped their price target on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Needham & Company LLC lifted their price objective on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Finally, Evercore ISI raised 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. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.