eBay Inc. (NASDAQ:EBAY) Stock Holdings Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 65.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,942 shares of the e-commerce company's stock after selling 57,879 shares during the period. Los Angeles Capital Management LLC's holdings in eBay were worth $1,350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC purchased a new stake in eBay during the 4th quarter worth about $25,000. First Command Advisory Services Inc. acquired a new position in eBay in the third quarter valued at approximately $46,000. Cambridge Trust Co. increased its stake in eBay by 135.0% in the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company's stock valued at $51,000 after purchasing an additional 675 shares during the last quarter. NBC Securities Inc. acquired a new stake in eBay during the third quarter worth approximately $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of eBay during the 3rd quarter worth approximately $71,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Price Performance

NASDAQ:EBAY traded up $0.65 during trading hours on Thursday, hitting $50.34. The company's stock had a trading volume of 3,980,531 shares, compared to its average volume of 6,367,234. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The business's 50-day moving average is $51.13 and its two-hundred day moving average is $45.05. The company has a market capitalization of $25.47 billion, a PE ratio of 10.03, a PEG ratio of 1.93 and a beta of 1.31.

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

eBay Announces Dividend

The company also recently declared 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, May 30th. eBay's dividend payout ratio is currently 21.51%.

eBay declared that its board has authorized a share repurchase plan on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently commented on EBAY. Mizuho lifted their price target on shares of eBay from $44.00 to $49.00 and gave the stock a "neutral" rating in a research note on Thursday, May 2nd. Benchmark reissued a "buy" rating and issued a $58.00 target price on shares of eBay in a research report on Thursday, May 2nd. Robert W. Baird raised their price target on eBay from $50.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, May 2nd. BMO Capital Markets boosted their price objective on eBay from $49.00 to $53.00 and gave the company a "market perform" rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley lowered their target price on shares of eBay from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $51.45.

Insider Activity at eBay

In related news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares of the company's stock, valued at approximately $8,803,915.33. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Edward O. Garcia sold 1,165 shares of the firm's stock in a transaction 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 directly owns 31,888 shares of the company's stock, valued at approximately $1,372,140.64. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company 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.