Huntington National Bank Has $3.38 Million Position in eBay Inc (NASDAQ:EBAY)

Huntington National Bank reduced its holdings in eBay Inc (NASDAQ:EBAY) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,382 shares of the e-commerce company’s stock after selling 1,629 shares during the quarter. Huntington National Bank’s holdings in eBay were worth $3,377,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Baupost Group LLC MA lifted its stake in shares of eBay by 60.5% in the first quarter. Baupost Group LLC MA now owns 32,086,000 shares of the e-commerce company’s stock valued at $964,505,000 after buying an additional 12,091,030 shares during the period. Geode Capital Management LLC lifted its stake in shares of eBay by 1.4% in the first quarter. Geode Capital Management LLC now owns 11,510,268 shares of the e-commerce company’s stock valued at $345,550,000 after buying an additional 158,304 shares during the period. First Trust Advisors LP lifted its stake in shares of eBay by 29.8% in the second quarter. First Trust Advisors LP now owns 8,338,771 shares of the e-commerce company’s stock valued at $437,369,000 after buying an additional 1,914,125 shares during the period. Starboard Value LP lifted its stake in shares of eBay by 6.3% in the first quarter. Starboard Value LP now owns 7,920,000 shares of the e-commerce company’s stock valued at $238,075,000 after buying an additional 470,000 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of eBay by 2.2% in the first quarter. Legal & General Group Plc now owns 6,321,892 shares of the e-commerce company’s stock valued at $190,202,000 after buying an additional 138,663 shares during the period. 92.53% of the stock is currently owned by institutional investors.

Shares of eBay stock opened at $55.28 on Friday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.58 and a quick ratio of 1.34. The firm has a market cap of $38.69 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.49 and a beta of 1.40. The firm has a 50 day simple moving average of $53.69 and a 200 day simple moving average of $41.41. eBay Inc has a fifty-two week low of $26.02 and a fifty-two week high of $61.06.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.18. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.80 billion. eBay had a net margin of 46.91% and a return on equity of 77.65%. eBay’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. On average, sell-side analysts expect that eBay Inc will post 2.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, August 31st. eBay’s dividend payout ratio is currently 27.59%.

In related news, CFO Andrew John Cring sold 23,240 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total value of $999,320.00. Following the completion of the sale, the chief financial officer now owns 117,919 shares of the company’s stock, valued at $5,070,517. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.02% of the company’s stock.

Several equities research analysts recently weighed in on EBAY shares. BMO Capital Markets cut shares of eBay from a “positive” rating to a “market perform” rating and increased their target price for the company from $52.00 to $59.00 in a research note on Wednesday, July 22nd. Robert W. Baird increased their target price on shares of eBay from $60.00 to $65.00 in a research note on Wednesday. Credit Suisse Group raised their price target on shares of eBay from $53.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Goldman Sachs Group raised their price target on shares of eBay from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. They noted that the move was a valuation call. Finally, Wells Fargo & Co raised their price target on shares of eBay from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.71.

eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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