Sciencast Management LP trimmed its position in shares of eBay Inc (NASDAQ:EBAY) by 29.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 47,970 shares of the e-commerce company’s stock after selling 20,175 shares during the period. Sciencast Management LP’s holdings in eBay were worth $1,723,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. MUFG Americas Holdings Corp lifted 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 purchasing an additional 291 shares during the period. Covington Capital Management raised its stake 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 in the last quarter. Wetherby Asset Management Inc. raised its stake 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 in the last quarter. Synovus Financial Corp raised its stake 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 in the last quarter. Finally, Security National Trust Co. raised its stake 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 in the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.
EBAY has been the subject of several research analyst reports. SunTrust Banks reissued a “hold” rating and set a $40.00 target price on shares of eBay in a research note on Friday, November 29th. Guggenheim reissued a “hold” rating on shares of eBay in a research note on Monday, November 25th. UBS Group lowered their target price on eBay from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Cowen set a $36.00 target price on eBay and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, Bank of America lowered their target price on eBay from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. eBay currently has a consensus rating of “Hold” and an average price target of $42.73.
Shares of NASDAQ EBAY opened at $35.30 on Thursday. eBay Inc has a 52 week low of $30.06 and a 52 week high of $42.00. The business has a 50-day simple moving average of $35.54 and a two-hundred day simple moving average of $37.98. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 2.36. The company has a market cap of $28.76 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.48 and a beta of 1.36.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. eBay had a return on equity of 41.12% and a net margin of 18.33%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. Equities research analysts anticipate that eBay Inc will post 2.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.59%. eBay’s dividend payout ratio is 31.64%.
In related news, SVP Wendy Elizabeth Jones sold 7,878 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was 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 approximately $1,393,470. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.22% of the company’s stock.
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.
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