Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,175 shares of the e-commerce company’s stock after buying an additional 416 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in eBay were worth $4,630,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Impax Asset Management Group plc lifted its position in eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock worth $239,037,000 after acquiring an additional 3,401,198 shares during the period. Nuveen LLC acquired a new stake in shares of eBay during the first quarter worth about $202,346,000. Pacer Advisors Inc. lifted its holdings in shares of eBay by 5,181.4% during the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock worth $148,757,000 after purchasing an additional 2,154,735 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of eBay by 253.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company’s stock worth $187,191,000 after purchasing an additional 1,981,011 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in eBay by 84.2% during the 1st quarter. Acadian Asset Management LLC now owns 2,005,141 shares of the e-commerce company’s stock valued at $135,773,000 after acquiring an additional 916,596 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Stock Performance
NASDAQ EBAY opened at $91.11 on Friday. The stock has a market capitalization of $41.64 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.17 and a beta of 1.32. eBay Inc. has a twelve month low of $56.33 and a twelve month high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average of $89.99 and a 200 day moving average of $77.12.
eBay Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay’s dividend payout ratio is currently 25.55%.
Insider Activity at eBay
In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $75.04, for a total transaction of $1,666,413.28. Following the completion of the transaction, the senior vice president owned 22,206 shares of the company’s stock, valued at $1,666,338.24. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of the transaction, the senior vice president directly owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,553 shares of company stock valued at $13,505,983 in the last three months. Company insiders own 0.64% of the company’s stock.
Analyst Ratings Changes
EBAY has been the subject of several research reports. Citizens Jmp upgraded shares of eBay to a “hold” rating in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Needham & Company LLC boosted their price objective on eBay from $78.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, July 31st. BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $70.00 to $102.00 in a report on Thursday, July 31st. Finally, Barclays reissued an “overweight” rating and issued a $92.00 price target (up from $77.00) on shares of eBay in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $78.89.
Check Out Our Latest Analysis on eBay
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.
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