Boston Partners reduced its position in eBay Inc (NASDAQ:EBAY) by 40.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,885,795 shares of the e-commerce company’s stock after selling 6,629,991 shares during the quarter. Boston Partners owned about 1.18% of eBay worth $390,519,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in EBAY. Virtus ETF Advisers LLC acquired a new position in shares of eBay during the 2nd quarter valued at $25,000. Cable Hill Partners LLC raised its holdings in eBay by 64.6% during the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock worth $28,000 after buying an additional 295 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in eBay during the second quarter worth $30,000. Icon Wealth Partners LLC acquired a new position in eBay during the first quarter worth $32,000. Finally, Cornerstone Advisors Inc. grew its stake in shares of eBay by 83.8% in the 1st quarter. Cornerstone Advisors Inc. now owns 978 shares of the e-commerce company’s stock worth $36,000 after acquiring an additional 446 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.
In related news, Director Matthew J. Murphy acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $38.79 per share, for a total transaction of $232,740.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Devin Wenig sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $39.86, for a total value of $398,600.00. Following the completion of the sale, the chief executive officer now owns 1,022,419 shares of the company’s stock, valued at $40,753,621.34. The disclosure for this sale can be found here. Insiders have sold a total of 242,942 shares of company stock worth $10,060,557 in the last three months. Corporate insiders own 6.22% of the company’s stock.
EBAY has been the subject of several recent analyst reports. Piper Jaffray Companies upped their target price on shares of eBay from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Morgan Stanley increased their price target on shares of eBay from $34.50 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, July 15th. Benchmark upped their price objective on shares of eBay from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 price objective on shares of eBay in a report on Monday, July 15th. Finally, KeyCorp upped their price objective on shares of eBay from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.52.
NASDAQ EBAY traded up $0.36 during trading hours on Friday, reaching $40.65. The company’s stock had a trading volume of 32,170 shares, compared to its average volume of 6,394,439. The firm’s 50-day moving average price is $40.27 and its 200-day moving average price is $38.37. eBay Inc has a 1 year low of $26.01 and a 1 year high of $42.00. The company has a market capitalization of $33.78 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.91 and a beta of 1.38. 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, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.19. eBay had a return on equity of 36.67% and a net margin of 22.12%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the company posted $0.53 EPS. eBay’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that eBay Inc will post 2.23 EPS for the current fiscal year.
The company 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 dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s payout ratio is 24.14%.
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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