LS Investment Advisors LLC trimmed its stake in eBay Inc (NASDAQ:EBAY) by 2.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 27,828 shares of the e-commerce company’s stock after selling 569 shares during the quarter. LS Investment Advisors LLC’s holdings in eBay were worth $1,034,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Fulton Bank N.A. lifted its position in shares of eBay by 2.6% in the 1st quarter. Fulton Bank N.A. now owns 10,929 shares of the e-commerce company’s stock worth $405,000 after purchasing an additional 272 shares during the period. Greenleaf Trust lifted its position 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 acquiring an additional 290 shares during the period. Wetherby Asset Management Inc. lifted its position 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 acquiring an additional 349 shares during the period. Bigelow Investment Advisors LLC lifted its position 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 acquiring an additional 400 shares during the period. Finally, Regent Investment Management LLC lifted its position in eBay by 5.0% during the 1st quarter. Regent Investment Management LLC now owns 8,400 shares of the e-commerce company’s stock valued at $312,000 after acquiring an additional 400 shares during the period. 89.97% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Scott F. Schenkel sold 89,707 shares of eBay stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $38.50, for a total value of $3,453,719.50. Following the completion of the sale, the chief financial officer now directly owns 273,283 shares in the company, valued at $10,521,395.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 10,185 shares of eBay stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $34.30, for a total transaction of $349,345.50. Following the completion of 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. Insiders own 6.22% of the company’s stock.
EBAY has been the subject of a number of recent research reports. BidaskClub cut shares of eBay from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. Benchmark reissued a “buy” rating and set a $42.00 price target (up from $41.00) on shares of eBay in a research report on Wednesday, January 30th. Bank of America reissued a “neutral” rating and set a $38.00 price target (up from $34.00) on shares of eBay in a research report on Wednesday, January 23rd. Citigroup reissued a “buy” rating and set a $42.00 price target (up from $41.00) on shares of eBay in a research report on Wednesday, January 30th. Finally, Barclays lifted their price target on shares of eBay to $46.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.12.
NASDAQ:EBAY opened at $38.36 on Monday. The stock has a market cap of $33.43 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.88 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.60. eBay Inc has a fifty-two week low of $26.01 and a fifty-two week high of $40.86.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. eBay had a net margin of 24.43% and a return on equity of 31.26%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the business earned $0.53 EPS. eBay’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts expect that eBay Inc will post 2.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.46%. eBay’s dividend payout ratio is presently 24.14%.
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eBay Company Profile
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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