LSV Asset Management Sells 166,800 Shares of eBay Inc. (NASDAQ:EBAY)

LSV Asset Management reduced its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,404,967 shares of the e-commerce company's stock after selling 166,800 shares during the period. LSV Asset Management owned about 1.04% of eBay worth $235,765,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EBAY. Cambridge Investment Research Advisors Inc. lifted its position in shares of eBay by 3.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,186 shares of the e-commerce company's stock worth $2,125,000 after purchasing an additional 1,658 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of eBay by 3.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 147,661 shares of the e-commerce company's stock worth $6,510,000 after buying an additional 5,149 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of eBay by 109.7% in the third quarter. Stratos Wealth Partners LTD. now owns 10,263 shares of the e-commerce company's stock worth $453,000 after buying an additional 5,370 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of eBay by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 4,762,716 shares of the e-commerce company's stock worth $209,988,000 after buying an additional 113,771 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of eBay in the third quarter worth $288,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EBAY has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on shares of eBay from $50.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price 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. Susquehanna boosted their target price on shares of eBay from $43.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. Mizuho boosted their target price on shares of eBay from $44.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, TD Cowen boosted their target price on shares of eBay from $42.00 to $45.00 and gave the company a "hold" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $51.35.

eBay Trading Up 0.5 %

EBAY stock traded up $0.26 during mid-day trading on Friday, reaching $49.65. 6,896,723 shares of the stock traded hands, compared to its average volume of 5,298,042. The company has a current ratio of 1.99, a quick ratio of 2.44 and a debt-to-equity ratio of 0.98. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93. The company has a market cap of $25.14 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.98 and a beta of 1.31. The stock's fifty day moving average is $50.81 and its 200-day moving average is $44.86.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. As a group, sell-side analysts expect that eBay Inc. will post 3.75 earnings per share for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.18%. eBay's dividend payout ratio is currently 21.51%.

eBay announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by corporate insiders.

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.