NorthCrest Asset Manangement LLC cut its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,543 shares of the e-commerce company’s stock after selling 284 shares during the period. NorthCrest Asset Manangement LLC’s holdings in eBay were worth $690,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of EBAY. American Century Companies Inc. grew its position in eBay by 9.5% in the first quarter. American Century Companies Inc. now owns 41,990 shares of the e-commerce company’s stock valued at $2,404,000 after acquiring an additional 3,655 shares during the period. Raymond James Trust N.A. grew its position in eBay by 21.7% in the first quarter. Raymond James Trust N.A. now owns 9,176 shares of the e-commerce company’s stock valued at $526,000 after acquiring an additional 1,638 shares during the period. Sei Investments Co. grew its position in eBay by 34.7% in the first quarter. Sei Investments Co. now owns 461,862 shares of the e-commerce company’s stock valued at $26,460,000 after acquiring an additional 118,952 shares during the period. Aviva PLC grew its position in eBay by 6.2% in the first quarter. Aviva PLC now owns 223,976 shares of the e-commerce company’s stock valued at $12,825,000 after acquiring an additional 13,127 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in eBay by 17.0% in the first quarter. Sequoia Financial Advisors LLC now owns 10,715 shares of the e-commerce company’s stock valued at $614,000 after acquiring an additional 1,555 shares during the period. Institutional investors own 85.22% of the company’s stock.
Insider Activity at eBay
In related news, SVP Cornelius Boone sold 5,500 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $44.67, for a total value of $245,685.00. Following the completion of the sale, the senior vice president now owns 44,982 shares in the company, valued at $2,009,345.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Rebecca Spencer sold 2,193 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $45.85, for a total value of $100,549.05. Following the completion of the sale, the chief accounting officer now owns 924 shares in the company, valued at $42,365.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 5,500 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $44.67, for a total value of $245,685.00. Following the completion of the sale, the senior vice president now owns 44,982 shares of the company’s stock, valued at $2,009,345.94. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
eBay Trading Up 2.7 %
Shares of EBAY opened at $46.90 on Wednesday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.43. eBay Inc. has a 12-month low of $35.92 and a 12-month high of $52.23. The firm has a market capitalization of $25.08 billion, a PE ratio of 39.08, a price-to-earnings-growth ratio of 1.36 and a beta of 1.34. The stock’s fifty day simple moving average is $44.66 and its 200-day simple moving average is $44.94.
eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings data on Wednesday, April 26th. The e-commerce company reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.48 billion. eBay had a return on equity of 35.65% and a net margin of 6.51%. As a group, research analysts predict that eBay Inc. will post 3.35 earnings per share for the current year.
eBay Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Thursday, June 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.13%. eBay’s dividend payout ratio is presently 83.33%.
About eBay
eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.
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