Commonwealth Equity Services LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,741 shares of the e-commerce company’s stock after selling 374 shares during the quarter. Commonwealth Equity Services LLC’s holdings in eBay were worth $3,271,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Almanack Investment Partners LLC. acquired a new stake in eBay in the 3rd quarter worth about $28,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of eBay in the fourth quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV grew its holdings in eBay by 50.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 691 shares of the e-commerce company’s stock valued at $31,000 after purchasing an additional 233 shares during the period. Gyon Technologies Capital Management LP acquired a new position in eBay during the fourth quarter worth approximately $32,000. Finally, Global Retirement Partners LLC raised its stake in eBay by 82.4% during the first quarter. Global Retirement Partners LLC now owns 1,149 shares of the e-commerce company’s stock worth $51,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 85.87% of the company’s stock.
Insider Buying and Selling at eBay
In related news, SVP Edward O. Garcia sold 1,181 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $43.31, for a total transaction of $51,149.11. Following the sale, the senior vice president now owns 21,728 shares in the company, valued at $941,039.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Rebecca Spencer sold 2,193 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $45.85, for a total transaction of $100,549.05. Following the completion of the transaction, the chief accounting officer now owns 924 shares of the company’s stock, valued at $42,365.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Edward O. Garcia sold 1,181 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $43.31, for a total transaction of $51,149.11. Following the completion of the sale, the senior vice president now directly owns 21,728 shares in the company, valued at approximately $941,039.68. The disclosure for this sale can be found here. Insiders sold a total of 9,053 shares of company stock worth $397,940 over the last 90 days. Insiders own 0.21% of the company’s stock.
eBay Price Performance
eBay (NASDAQ:EBAY – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The e-commerce company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a return on equity of 34.71% and a net margin of 13.49%. eBay’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. Equities analysts expect that eBay Inc. will post 3.27 EPS for the current fiscal year.
eBay Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, August 31st. eBay’s dividend payout ratio is presently 40.49%.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of eBay from $45.00 to $46.00 in a research note on Monday, July 10th. Credit Suisse Group upped their price target on eBay from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Wolfe Research decreased their target price on eBay from $52.00 to $51.00 in a report on Monday, July 10th. Bank of America cut their price target on shares of eBay from $54.00 to $52.00 in a report on Thursday, July 27th. Finally, TheStreet cut shares of eBay from a “b-” rating to a “c” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.29.
View Our Latest Research Report on EBAY
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.
Read More
- Five stocks we like better than eBay
- What Are Dividends? Buy the Best Dividend Stocks
- MarketBeat Week in Review – 8/28 – 9/1
- How to Invest in the Healthcare Sector
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- How to Invest in Solar Energy
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.
