Fifth Third Bancorp Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

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.

About eBay

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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