Toroso Investments LLC increased its holdings in eBay Inc (NASDAQ:EBAY) by 20.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,849 shares of the e-commerce company’s stock after acquiring an additional 1,306 shares during the period. Toroso Investments LLC’s holdings in eBay were worth $236,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Norges Bank acquired a new stake in shares of eBay in the 4th quarter worth about $324,031,000. AKO Capital LLP acquired a new stake in shares of eBay in the 1st quarter worth about $169,819,000. Renaissance Technologies LLC raised its holdings in shares of eBay by 32.5% in the 4th quarter. Renaissance Technologies LLC now owns 15,120,028 shares of the e-commerce company’s stock worth $545,984,000 after acquiring an additional 3,707,700 shares during the last quarter. Baupost Group LLC MA grew its position in eBay by 20.1% in the 4th quarter. Baupost Group LLC MA now owns 19,994,970 shares of the e-commerce company’s stock worth $722,018,000 after purchasing an additional 3,348,970 shares in the last quarter. Finally, Marshall Wace LLP grew its position in eBay by 134.0% in the 4th quarter. Marshall Wace LLP now owns 4,115,129 shares of the e-commerce company’s stock worth $148,598,000 after purchasing an additional 2,356,700 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.
In other eBay news, SVP Wendy Elizabeth Jones sold 62,719 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $38.48, for a total value of $2,413,427.12. Following the sale, the senior vice president now directly owns 68,909 shares in the company, valued at approximately $2,651,618.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew John Cring sold 23,240 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.00, for a total transaction of $999,320.00. Following the completion of the sale, the chief financial officer now owns 117,919 shares in the company, valued at $5,070,517. The disclosure for this sale can be found here. Corporate insiders own 6.22% of the company’s stock.
Shares of EBAY stock opened at $43.45 on Friday. The stock has a market capitalization of $29.84 billion, a P/E ratio of 7.21, a PEG ratio of 1.32 and a beta of 1.36. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.87. The firm’s 50 day moving average is $37.82 and its 200 day moving average is $35.79. eBay Inc has a 12 month low of $26.02 and a 12 month high of $43.49.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.05. eBay had a net margin of 44.44% and a return on equity of 63.44%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company posted $0.67 EPS. eBay’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict that eBay Inc will post 2.59 EPS for the current year.
eBay announced that its board has initiated a stock buyback program on Tuesday, January 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to repurchase up to 17.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s dividend payout ratio is presently 27.59%.
EBAY has been the subject of a number of recent analyst reports. SunTrust Banks upped their price objective on shares of eBay from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of eBay in a research report on Friday, April 3rd. BMO Capital Markets upped their price objective on shares of eBay from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Wedbush reaffirmed an “outperform” rating and issued a $44.00 price objective on shares of eBay in a research report on Thursday, April 30th. Finally, Guggenheim raised shares of eBay from a “neutral” rating to a “buy” rating in a research report on Monday, April 6th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $41.77.
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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