Fifth Third Bancorp raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 24.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 140,309 shares of the e-commerce company’s stock after purchasing an additional 27,294 shares during the period. Fifth Third Bancorp’s holdings in eBay were worth $7,310,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Rocky Mountain Advisers LLC purchased a new position in eBay during the 2nd quarter valued at about $26,000. Nachman Norwood & Parrott Inc purchased a new position in eBay during the 3rd quarter valued at about $27,000. Gradient Investments LLC increased its holdings in eBay by 70.7% during the 3rd quarter. Gradient Investments LLC now owns 512 shares of the e-commerce company’s stock valued at $27,000 after acquiring an additional 212 shares in the last quarter. CX Institutional increased its holdings in eBay by 790.7% during the 2nd quarter. CX Institutional now owns 668 shares of the e-commerce company’s stock valued at $35,000 after acquiring an additional 593 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in eBay during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.
In other news, SVP Marie Oh Huber sold 53,869 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $55.31, for a total transaction of $2,979,494.39. Following the transaction, the senior vice president now directly owns 55,929 shares of the company’s stock, valued at $3,093,432.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Brian J. Doerger sold 4,384 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $58.48, for a total transaction of $256,376.32. Following the transaction, the chief accounting officer now directly owns 18,226 shares in the company, valued at $1,065,856.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,722 shares of company stock worth $5,882,593. 5.02% of the stock is currently owned by corporate insiders.
Shares of EBAY stock opened at $48.99 on Friday. The stock has a market cap of $33.77 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 1.26 and a beta of 1.32. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.65. eBay Inc. has a fifty-two week low of $26.02 and a fifty-two week high of $61.06. The firm’s 50 day moving average price is $51.49 and its two-hundred day moving average price is $51.43.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.13. eBay had a net margin of 50.42% and a return on equity of 82.73%. During the same quarter in the previous year, the business earned $0.67 EPS. On average, equities analysts forecast that eBay Inc. will post 2.89 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.31%. eBay’s dividend payout ratio (DPR) is 27.59%.
Several equities analysts have weighed in on EBAY shares. Wedbush restated a “buy” rating on shares of eBay in a report on Friday, September 18th. TheStreet upgraded shares of eBay from a “c+” rating to a “b+” rating in a report on Tuesday, July 28th. Royal Bank of Canada lifted their price target on shares of eBay from $45.00 to $57.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Bank of America lifted their price target on shares of eBay from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Finally, 140166 lifted their price target on shares of eBay from $57.00 to $66.00 in a report on Wednesday, July 29th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.64.
eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.
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