eBay Inc. (NASDAQ:EBAY) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 530,339 shares of the e-commerce company's stock after selling 49,021 shares during the period. Vontobel Holding Ltd. owned about 0.10% of eBay worth $23,133,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EBAY. Raymond James Trust N.A. grew its stake in eBay by 3.3% during the 2nd quarter. Raymond James Trust N.A. now owns 8,316 shares of the e-commerce company's stock valued at $371,000 after acquiring an additional 268 shares in the last quarter. Quent Capital LLC grew its stake in eBay by 10.5% during the 4th quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company's stock valued at $130,000 after acquiring an additional 282 shares in the last quarter. Summit Trail Advisors LLC grew its stake in eBay by 5.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 5,560 shares of the e-commerce company's stock valued at $245,000 after acquiring an additional 307 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in eBay by 2.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,121 shares of the e-commerce company's stock valued at $534,000 after acquiring an additional 341 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of eBay by 1.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 21,640 shares of the e-commerce company's stock valued at $960,000 after buying an additional 350 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Down 1.3 %

NASDAQ EBAY traded down $0.64 during trading hours on Tuesday, hitting $50.25. 5,161,011 shares of the company were exchanged, compared to its average volume of 6,528,313. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. The firm has a market cap of $26.03 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 2.07 and a beta of 1.32. The company has a 50 day moving average of $48.62 and a two-hundred day moving average of $44.08. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that eBay Inc. will post 3.69 earnings per share for the current year.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from eBay's previous quarterly dividend of $0.25. eBay's payout ratio is presently 20.69%.

eBay declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EBAY shares. BMO Capital Markets increased their price target on shares of eBay from $49.00 to $53.00 and gave the company a "market perform" rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of eBay from $55.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Barclays increased their price target on shares of eBay from $55.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. Mizuho increased their target price on shares of eBay from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Finally, The Goldman Sachs Group initiated coverage on shares of eBay in a research report on Wednesday, January 10th. They set a "sell" rating and a $38.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of "Hold" and an average target price of $49.21.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now directly owns 31,888 shares of the company's stock, valued at approximately $1,372,140.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by corporate 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.