Penn Davis Mcfarland Inc. Trims Stake in eBay Inc. (NASDAQ:EBAY)

Penn Davis Mcfarland Inc. decreased its position in shares of eBay Inc. (NASDAQ:EBAYGet Rating) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 28,837 shares of the e-commerce company’s stock after selling 298 shares during the period. eBay makes up about 0.2% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 29th biggest holding. Penn Davis Mcfarland Inc.’s holdings in eBay were worth $1,202,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of eBay during the 4th quarter worth approximately $29,000. Iron Horse Wealth Management LLC grew its stake in shares of eBay by 84.6% in the 1st quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock worth $34,000 after buying an additional 275 shares during the last quarter. Ellevest Inc. grew its stake in shares of eBay by 66.6% in the 1st quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock worth $35,000 after buying an additional 241 shares during the last quarter. Psagot Value Holdings Ltd. Israel purchased a new stake in shares of eBay in the 4th quarter worth approximately $37,000. Finally, Hanson & Doremus Investment Management grew its stake in shares of eBay by 62.8% in the 1st quarter. Hanson & Doremus Investment Management now owns 638 shares of the e-commerce company’s stock worth $37,000 after buying an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

eBay Trading Down 0.2 %

NASDAQ EBAY traded down $0.09 during trading on Friday, hitting $38.21. The stock had a trading volume of 362,549 shares, compared to its average volume of 5,422,274. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 90.98, a P/E/G ratio of 1.57 and a beta of 1.23. eBay Inc. has a one year low of $38.01 and a one year high of $81.19. The stock has a 50 day simple moving average of $45.61 and a 200 day simple moving average of $48.15.

eBay (NASDAQ:EBAYGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The e-commerce company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.10. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.37 billion. eBay had a net margin of 3.60% and a return on equity of 24.42%. During the same quarter last year, the firm earned $0.82 earnings per share. Sell-side analysts predict that eBay Inc. will post 3.27 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Wednesday, August 31st. eBay’s payout ratio is 209.53%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several recent research reports. Barclays cut their price target on eBay from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, August 4th. Needham & Company LLC started coverage on eBay in a research report on Monday, August 1st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lowered their price objective on eBay from $54.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Cowen lowered their price objective on eBay to $52.00 in a research report on Tuesday, August 9th. Finally, Atlantic Securities lowered their price objective on eBay to $50.00 in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $59.43.

eBay Company Profile

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. 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, directories, search engines, commerce participants, shopping channels, and networks.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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