Nissay Asset Management Corp Japan ADV reduced its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,097 shares of the e-commerce company's stock after selling 4,007 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in eBay were worth $3,775,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in EBAY. Capital Investment Advisors LLC increased its holdings in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after buying an additional 167 shares in the last quarter. Park Avenue Securities LLC boosted its position in eBay by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 13,776 shares of the e-commerce company's stock valued at $853,000 after acquiring an additional 2,454 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in eBay by 129.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,433 shares of the e-commerce company's stock valued at $151,000 after acquiring an additional 1,372 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in eBay by 7.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,340 shares of the e-commerce company's stock valued at $269,000 after acquiring an additional 289 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in eBay by 7.4% during the fourth quarter. Ritholtz Wealth Management now owns 63,136 shares of the e-commerce company's stock valued at $3,911,000 after acquiring an additional 4,356 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on EBAY. Stifel Nicolaus increased their price objective on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird increased their price objective on shares of eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Barclays increased their price objective on shares of eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. TD Securities upped their target price on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.42.
Check Out Our Latest Stock Analysis on eBay
eBay Stock Performance
eBay stock traded up $0.16 during mid-day trading on Tuesday, reaching $72.59. The company's stock had a trading volume of 5,080,729 shares, compared to its average volume of 4,993,326. eBay Inc. has a twelve month low of $51.13 and a twelve month high of $72.94. The firm has a market cap of $33.46 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 2.22 and a beta of 1.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average price of $66.63 and a 200-day moving average price of $65.60.
eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. Sell-side analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.
eBay Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.60%. eBay's dividend payout ratio (DPR) is currently 27.62%.
Insider Transactions at eBay
In other eBay news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at $8,559,469.26. This trade represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock worth $12,943,715 over the last three months. 0.64% of the stock is currently owned by insiders.
About eBay
(
Free Report)
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.
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