Sterling Capital Management LLC reduced its stake in eBay Inc (NASDAQ:EBAY) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,945,269 shares of the e-commerce company’s stock after selling 4,118 shares during the period. Sterling Capital Management LLC owned 0.23% of eBay worth $76,838,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC increased its stake in eBay by 89.2% in the first quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after purchasing an additional 7,108,999 shares in the last quarter. Geode Capital Management LLC increased its stake in eBay by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock valued at $350,041,000 after purchasing an additional 801,529 shares in the last quarter. Renaissance Technologies LLC increased its stake in eBay by 247.4% in the second quarter. Renaissance Technologies LLC now owns 11,685,728 shares of the e-commerce company’s stock valued at $461,586,000 after purchasing an additional 8,322,388 shares in the last quarter. Northern Trust Corp increased its stake in eBay by 0.5% in the second quarter. Northern Trust Corp now owns 11,079,108 shares of the e-commerce company’s stock valued at $437,625,000 after purchasing an additional 53,488 shares in the last quarter. Finally, Independent Franchise Partners LLP increased its stake in eBay by 1.5% in the second quarter. Independent Franchise Partners LLP now owns 10,680,122 shares of the e-commerce company’s stock valued at $421,864,000 after purchasing an additional 160,368 shares in the last quarter. 86.17% of the stock is owned by hedge funds and other institutional investors.
In other eBay news, Director Matthew J. Murphy purchased 6,000 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $38.79 per share, with a total value of $232,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Doerger sold 19,014 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $41.38, for a total transaction of $786,799.32. Following the completion of the sale, the chief accounting officer now directly owns 24,844 shares in the company, valued at approximately $1,028,044.72. The disclosure for this sale can be found here. In the last three months, insiders sold 242,942 shares of company stock worth $10,060,557. Insiders own 5.60% of the company’s stock.
eBay stock traded down $0.07 during midday trading on Monday, hitting $40.30. 5,098,334 shares of the stock were exchanged, compared to its average volume of 9,985,537. eBay Inc has a 52-week low of $26.01 and a 52-week high of $42.00. The stock has a market capitalization of $33.40 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. The business’s 50-day moving average price is $40.26 and its 200-day moving average price is $38.39. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.89.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.49 by $0.19. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, sell-side analysts predict that eBay Inc will post 2.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio (DPR) is currently 24.14%.
Several research firms have weighed in on EBAY. BidaskClub downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. ValuEngine downgraded shares of eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price objective on shares of eBay in a report on Monday, July 15th. Raymond James lifted their price objective on shares of eBay from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Finally, Canaccord Genuity lifted their price objective on shares of eBay from $38.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.73.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
Further Reading: Analyst Ratings Trading
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.