eBay Inc. (NASDAQ:EBAY) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 11.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,440 shares of the e-commerce company’s stock after selling 2,700 shares during the period. E. Ohman J or Asset Management AB’s holdings in eBay were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC boosted its position in shares of eBay by 28.2% during the 4th quarter. DAVENPORT & Co LLC now owns 5,709 shares of the e-commerce company’s stock worth $354,000 after purchasing an additional 1,257 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in shares of eBay by 5.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 4,768 shares of the e-commerce company’s stock worth $295,000 after purchasing an additional 236 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of eBay by 26.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,358 shares of the e-commerce company’s stock worth $5,827,000 after purchasing an additional 19,372 shares during the period. Bleakley Financial Group LLC boosted its position in shares of eBay by 2.1% during the 4th quarter. Bleakley Financial Group LLC now owns 49,137 shares of the e-commerce company’s stock worth $3,044,000 after purchasing an additional 992 shares during the period. Finally, YANKCOM Partnership purchased a new position in shares of eBay during the 4th quarter worth approximately $133,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. This represents a 30.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 280,650 shares of company stock worth $19,637,729 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

eBay Trading Up 1.1%

NASDAQ EBAY opened at $78.61 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $36.24 billion, a PE ratio of 19.75, a P/E/G ratio of 2.22 and a beta of 1.30. eBay Inc. has a one year low of $51.72 and a one year high of $79.50. The firm’s fifty day moving average is $68.74 and its two-hundred day moving average is $66.74.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $1.25 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. eBay’s dividend payout ratio (DPR) is 27.62%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of eBay from $72.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on shares of eBay from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company raised their price target on shares of eBay from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. TD Securities raised their price target on shares of eBay from $62.00 to $64.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Finally, Evercore ISI raised their price target on shares of eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.65.

eBay Company Profile

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.