eBay Inc. (NASDAQ:EBAY) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,980 shares of the e-commerce company's stock after selling 102,460 shares during the quarter. Handelsbanken Fonder AB owned 0.06% of eBay worth $13,827,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in eBay in the 4th quarter valued at about $25,000. First Command Advisory Services Inc. acquired a new position in eBay in the third quarter worth approximately $46,000. Cambridge Trust Co. increased its holdings in eBay by 135.0% in the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company's stock worth $51,000 after buying an additional 675 shares during the last quarter. NBC Securities Inc. acquired a new position in eBay during the third quarter valued at approximately $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in eBay during the third quarter valued at approximately $71,000. Institutional investors own 87.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on eBay from $55.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. UBS Group lifted their price objective on eBay from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. Barclays boosted their target price on eBay from $55.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. Mizuho boosted their price target on eBay from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. Finally, StockNews.com raised eBay from a "hold" rating to a "buy" rating in a report on Sunday, April 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, eBay currently has an average rating of "Hold" and a consensus price target of $49.21.

eBay Stock Down 0.1 %

Shares of eBay stock traded down $0.07 during trading on Wednesday, hitting $51.18. 5,088,646 shares of the stock were exchanged, compared to its average volume of 6,411,716. The stock has a market cap of $26.51 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.33. The firm's 50-day moving average price is $49.76 and its 200 day moving average price is $44.43. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $52.93. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.51 billion. During the same period in the prior year, the company posted $0.87 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts forecast that eBay Inc. will post 3.7 earnings per share for the current fiscal year.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, March 8th. This is an increase from eBay's previous quarterly dividend of $0.25. eBay's dividend payout ratio (DPR) is currently 20.69%.

eBay announced that its board has approved a share repurchase program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, 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 SEC, which is available through this hyperlink. Company insiders own 0.21% of the company's stock.

eBay Company 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.