Legal & General Group Plc increased its holdings in eBay Inc (NASDAQ:EBAY) by 2.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,321,892 shares of the e-commerce company’s stock after buying an additional 138,663 shares during the quarter. Legal & General Group Plc owned about 0.90% of eBay worth $190,202,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Meiji Yasuda Life Insurance Co bought a new stake in eBay in the 1st quarter worth about $496,000. MML Investors Services LLC increased its holdings in eBay by 3.3% in the 1st quarter. MML Investors Services LLC now owns 85,642 shares of the e-commerce company’s stock worth $2,574,000 after buying an additional 2,719 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in eBay by 10.7% in the 1st quarter. Johnson Financial Group Inc. now owns 3,581 shares of the e-commerce company’s stock worth $108,000 after buying an additional 346 shares in the last quarter. Marathon Trading Investment Management LLC bought a new stake in eBay in the 1st quarter worth about $231,000. Finally, Accident Compensation Corp increased its holdings in eBay by 2.4% in the 1st quarter. Accident Compensation Corp now owns 168,000 shares of the e-commerce company’s stock worth $5,050,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.
A number of equities research analysts have issued reports on the company. Benchmark boosted their price target on eBay from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Royal Bank of Canada boosted their price target on eBay from $37.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday. Cfra downgraded eBay from a “hold” rating to a “sell” rating in a research note on Monday, May 11th. Robert W. Baird upgraded eBay to an “outperform” rating and boosted their price target for the company from $51.00 to $59.00 in a research note on Thursday, June 4th. Finally, SunTrust Banks boosted their price target on eBay from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.85.
NASDAQ EBAY traded down $0.87 during trading hours on Thursday, reaching $48.38. The company’s stock had a trading volume of 467,304 shares, compared to its average volume of 13,471,962. The firm’s 50-day moving average price is $42.63 and its 200-day moving average price is $36.82. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.87. eBay Inc has a 1 year low of $26.02 and a 1 year high of $51.88. The company has a market capitalization of $34.30 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.50 and a beta of 1.38.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. eBay had a return on equity of 63.44% and a net margin of 44.44%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that eBay Inc will post 2.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, May 29th. eBay’s payout ratio is 27.59%.
In other eBay news, CFO Andrew John Cring sold 23,240 shares of eBay stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.00, for a total value of $999,320.00. Following the sale, the chief financial officer now owns 117,919 shares of the company’s stock, valued at approximately $5,070,517. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Wendy Elizabeth Jones sold 62,719 shares of eBay stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $38.48, for a total value of $2,413,427.12. Following the completion of the sale, the senior vice president now directly owns 68,909 shares in the company, valued at approximately $2,651,618.32. The disclosure for this sale can be found here. Insiders own 5.02% of the company’s stock.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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