Qsemble Capital Management LP Makes New $901,000 Investment in eBay Inc. (NASDAQ:EBAY)

Qsemble Capital Management LP bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,646 shares of the e-commerce company's stock, valued at approximately $901,000.

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

Analysts Set New Price Targets

EBAY has been the subject of several analyst reports. Barclays upped their target price on eBay from $61.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Morgan Stanley reduced their price objective on shares of eBay from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of eBay from $55.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Robert W. Baird upped their price target on shares of eBay from $50.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, May 2nd. Finally, UBS Group lifted their price objective on shares of eBay from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $51.45.

Insider Transactions at eBay

In other news, SVP Marie Oh Huber sold 49,070 shares of the firm's stock in a transaction on 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 owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Marie Oh Huber sold 49,070 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Edward O. Garcia sold 1,165 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value 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 disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

eBay Stock Performance

Shares of EBAY stock traded up $0.66 during trading on Friday, reaching $51.00. The company had a trading volume of 3,873,017 shares, compared to its average volume of 5,488,556. The firm's 50 day simple moving average is $51.19 and its two-hundred day simple moving average is $45.16. eBay Inc. has a one year low of $37.17 and a one year high of $52.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market capitalization of $25.81 billion, a PE ratio of 10.16, a PEG ratio of 1.99 and a beta of 1.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS 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 analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. Sell-side analysts forecast that eBay Inc. will post 3.72 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid 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 dividend yield of 2.12%. eBay's payout ratio is presently 21.51%.

eBay announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

eBay 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.