Occidental Asset Management LLC Raises Stake in eBay Inc (NASDAQ:EBAY)

Occidental Asset Management LLC boosted its holdings in shares of eBay Inc (NASDAQ:EBAY) by 11.9% during the 4th quarter, HoldingsChannel reports. The firm owned 22,844 shares of the e-commerce company’s stock after purchasing an additional 2,431 shares during the period. Occidental Asset Management LLC’s holdings in eBay were worth $825,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. MUFG Americas Holdings Corp raised its position in eBay by 1.7% during the third quarter. MUFG Americas Holdings Corp now owns 17,483 shares of the e-commerce company’s stock worth $681,000 after acquiring an additional 291 shares during the last quarter. Covington Capital Management raised its position in eBay by 1.3% during the second quarter. Covington Capital Management now owns 22,733 shares of the e-commerce company’s stock worth $898,000 after acquiring an additional 293 shares during the last quarter. Wetherby Asset Management Inc. raised its position in eBay by 1.1% during the third quarter. Wetherby Asset Management Inc. now owns 30,165 shares of the e-commerce company’s stock worth $1,176,000 after acquiring an additional 316 shares during the last quarter. Synovus Financial Corp raised its position in eBay by 2.6% during the third quarter. Synovus Financial Corp now owns 12,889 shares of the e-commerce company’s stock worth $503,000 after acquiring an additional 332 shares during the last quarter. Finally, Security National Trust Co. raised its position in eBay by 1.7% during the second quarter. Security National Trust Co. now owns 20,572 shares of the e-commerce company’s stock worth $813,000 after acquiring an additional 345 shares during the last quarter. 87.19% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on EBAY shares. Deutsche Bank restated a “neutral” rating and set a $42.00 target price on shares of eBay in a research report on Tuesday, October 22nd. BidaskClub cut shares of eBay from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 11th. Morgan Stanley cut their target price on shares of eBay from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Robert W. Baird set a $46.00 target price on shares of eBay and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Macquarie set a $44.00 target price on shares of eBay and gave the stock a “hold” rating in a research report on Thursday, September 26th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. eBay presently has an average rating of “Hold” and an average price target of $42.73.

eBay stock opened at $35.30 on Thursday. eBay Inc has a 1 year low of $30.06 and a 1 year high of $42.00. The firm has a 50 day moving average price of $35.54 and a 200 day moving average price of $37.98. The company has a market cap of $28.76 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.48 and a beta of 1.36. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.41 and a current ratio of 1.41.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. eBay had a net margin of 18.33% and a return on equity of 41.12%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. eBay’s revenue was up .0% compared to the same quarter last year. Sell-side analysts predict that eBay Inc will post 2.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were issued a $0.14 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.59%. eBay’s payout ratio is 31.64%.

In other eBay news, SVP Wendy Elizabeth Jones sold 7,878 shares of eBay stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.73, for a total transaction of $281,480.94. Following the transaction, the senior vice president now directly owns 39,000 shares of the company’s stock, valued at $1,393,470. The sale was disclosed in a filing with the SEC, which is available at this link. 6.22% of the stock is currently owned by insiders.

About eBay

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.

Recommended Story: 52-Week Highs and Lows

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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.