Olstein Capital Management L.P. Has $5.90 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Olstein Capital Management L.P. lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 31.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 111,784 shares of the e-commerce company’s stock after selling 52,216 shares during the period. Olstein Capital Management L.P.’s holdings in eBay were worth $5,900,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EBAY. CVA Family Office LLC acquired a new stake in eBay during the 4th quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in shares of eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 310 shares during the period. American National Bank grew its holdings in shares of eBay by 200.0% in the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 400 shares during the period. Riverview Trust Co acquired a new position in shares of eBay in the 1st quarter valued at $48,000. Finally, Cambridge Trust Co. grew its holdings in shares of eBay by 135.0% in the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock valued at $51,000 after buying an additional 675 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research analyst reports. Jefferies Financial Group boosted their price target on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Mizuho boosted their price target on shares of eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. TD Cowen boosted their price target on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird boosted their price objective on shares of eBay from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Finally, StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $53.71.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,558 shares of company stock valued at $3,001,254. Company insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of eBay stock traded down $0.64 during trading on Wednesday, hitting $52.61. 2,803,038 shares of the stock were exchanged, compared to its average volume of 5,981,861. The stock has a market capitalization of $26.41 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 2.47 and a beta of 1.31. The company has a fifty day moving average price of $52.54 and a 200-day moving average price of $48.49. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $55.35. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. As a group, equities analysts predict that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 21.51%.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.