Principal Financial Group Inc. trimmed its position in eBay Inc (NASDAQ:EBAY) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,300,989 shares of the e-commerce company’s stock after selling 47,114 shares during the quarter. Principal Financial Group Inc.’s holdings in eBay were worth $36,519,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Greenleaf Trust grew its holdings in eBay by 3.3% during the 4th quarter. Greenleaf Trust now owns 9,137 shares of the e-commerce company’s stock valued at $256,000 after buying an additional 290 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in eBay by 1.8% during the 4th quarter. Wetherby Asset Management Inc. now owns 19,693 shares of the e-commerce company’s stock valued at $553,000 after buying an additional 349 shares in the last quarter. Bigelow Investment Advisors LLC grew its holdings in eBay by 5.8% during the 4th quarter. Bigelow Investment Advisors LLC now owns 7,260 shares of the e-commerce company’s stock valued at $204,000 after buying an additional 400 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in eBay by 22.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock valued at $66,000 after buying an additional 427 shares in the last quarter. Finally, Pitcairn Co. grew its holdings in eBay by 3.4% during the 4th quarter. Pitcairn Co. now owns 14,887 shares of the e-commerce company’s stock valued at $418,000 after buying an additional 488 shares in the last quarter. 86.38% of the stock is owned by institutional investors.
In other eBay news, Director Robert Holmes Swan bought 17,787 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was acquired at an average cost of $28.21 per share, for a total transaction of $501,771.27. Following the completion of the transaction, the director now owns 289,207 shares in the company, valued at $8,158,529.47. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 10,185 shares of eBay stock in a transaction on Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the sale, the vice president now owns 39,544 shares of the company’s stock, valued at $1,356,359.20. The disclosure for this sale can be found here. 6.22% of the stock is currently owned by company insiders.
EBAY has been the subject of a number of research reports. BidaskClub downgraded eBay from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. Benchmark reiterated a “buy” rating and set a $42.00 target price (up from $41.00) on shares of eBay in a research report on Wednesday, January 30th. Bank of America reiterated a “neutral” rating and set a $38.00 target price (up from $34.00) on shares of eBay in a research report on Wednesday, January 23rd. Citigroup reiterated a “buy” rating and set a $42.00 target price (up from $41.00) on shares of eBay in a research report on Wednesday, January 30th. Finally, Barclays increased their target price on eBay to $46.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.13.
Shares of EBAY opened at $36.65 on Monday. The firm has a market capitalization of $33.53 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.79 and a beta of 1.36. eBay Inc has a 52-week low of $26.01 and a 52-week high of $43.00. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.22.
eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. eBay had a return on equity of 27.40% and a net margin of 23.54%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.86 billion. On average, sell-side analysts anticipate that eBay Inc will post 2.15 earnings per share for the current fiscal year.
The firm also recently announced a Not Available dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 28th. eBay’s dividend payout ratio (DPR) is 24.14%.
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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