O Brien Greene & Co. Inc lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 43.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 12,258 shares of the e-commerce company’s stock after purchasing an additional 3,700 shares during the quarter. O Brien Greene & Co. Inc’s holdings in eBay were worth $751,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Oder Investment Management LLC acquired a new stake in eBay in the fourth quarter worth $25,000. Mascoma Wealth Management LLC bought a new position in shares of eBay in the first quarter valued at $33,000. CVA Family Office LLC lifted its stake in shares of eBay by 222.2% in the first quarter. CVA Family Office LLC now owns 625 shares of the e-commerce company’s stock valued at $38,000 after buying an additional 431 shares in the last quarter. NEXT Financial Group Inc lifted its position in shares of eBay by 117.1% during the first quarter. NEXT Financial Group Inc now owns 684 shares of the e-commerce company’s stock valued at $42,000 after purchasing an additional 369 shares in the last quarter. Finally, Denali Advisors LLC bought a new position in shares of eBay during the first quarter valued at about $43,000. Institutional investors own 86.83% of the company’s stock.
EBAY stock traded up $0.21 during mid-day trading on Friday, hitting $66.96. 183,921 shares of the stock were exchanged, compared to its average volume of 7,866,100. The firm’s fifty day simple moving average is $61.58. eBay Inc. has a 12 month low of $45.36 and a 12 month high of $66.98. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $45.62 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Stockholders of record on Tuesday, June 1st will be issued a $0.18 dividend. The ex-dividend date is Friday, May 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. eBay’s payout ratio is 24.57%.
In related news, SVP Pete Thompson sold 23,625 shares of the stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $57.22, for a total transaction of $1,351,822.50. Following the transaction, the senior vice president now owns 41,142 shares of the company’s stock, valued at approximately $2,354,145.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.02% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on EBAY shares. Credit Suisse Group raised their price target on shares of eBay from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Monday, April 26th. Wedbush reaffirmed a “neutral” rating on shares of eBay in a research report on Wednesday, May 5th. Susquehanna Bancshares lowered shares of eBay from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $75.00 to $66.00 in a research report on Thursday, April 29th. Barclays dropped their price target on shares of eBay from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, April 29th. Finally, Evercore ISI reissued an “in-line” rating and set a $65.00 target price on shares of eBay in a report on Tuesday, April 6th. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $67.50.
eBay Inc operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.
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