Isthmus Partners LLC Has $15.87 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Isthmus Partners LLC lessened its position in eBay Inc. (NASDAQ:EBAY) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,334 shares of the e-commerce company’s stock after selling 1,842 shares during the period. eBay makes up 2.0% of Isthmus Partners LLC’s portfolio, making the stock its 9th biggest position. Isthmus Partners LLC’s holdings in eBay were worth $15,871,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of eBay in the fourth quarter worth $8,644,000. Commonwealth Equity Services LLC grew its position in eBay by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,904 shares of the e-commerce company’s stock valued at $3,154,000 after buying an additional 238 shares in the last quarter. Norges Bank acquired a new position in eBay during the 4th quarter valued at about $40,805,000. Assenagon Asset Management S.A. increased its stake in eBay by 0.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company’s stock valued at $3,596,000 after buying an additional 246 shares during the period. Finally, Portolan Capital Management LLC raised its position in shares of eBay by 210.2% during the 4th quarter. Portolan Capital Management LLC now owns 238,132 shares of the e-commerce company’s stock worth $14,752,000 after buying an additional 161,372 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

NASDAQ EBAY opened at $77.11 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $35.55 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. The company has a 50 day simple moving average of $74.41 and a 200-day simple moving average of $68.99. eBay Inc. has a 52-week low of $53.10 and a 52-week high of $79.84.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. Equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.50%. eBay’s dividend payout ratio (DPR) is currently 27.62%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EBAY. Robert W. Baird increased their price objective on shares of eBay from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday. Susquehanna increased their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Citigroup dropped their price objective on eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Barclays upped their price objective on eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Morgan Stanley lifted their target price on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.12.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 12,644 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total value of $961,196.88. Following the completion of the sale, the chief executive officer directly owned 317,625 shares in the company, valued at approximately $24,145,852.50. The trade was a 3.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the transaction, the senior vice president owned 123,282 shares in the company, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 326,183 shares of company stock valued at $23,490,942 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

About eBay

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.