Bridgeway Capital Management LLC Has $2.17 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Bridgeway Capital Management LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,100 shares of the e-commerce company’s stock after selling 14,700 shares during the quarter. Bridgeway Capital Management LLC’s holdings in eBay were worth $2,174,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EBAY. Wealth Enhancement Advisory Services LLC grew its stake in eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after buying an additional 1,063 shares in the last quarter. Kestra Investment Management LLC lifted its holdings in shares of eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares during the period. Van ECK Associates Corp boosted its position in shares of eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after acquiring an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp increased its stake in eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock valued at $503,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in eBay during the fourth quarter valued at approximately $8,644,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EBAY. Sanford C. Bernstein cut eBay from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. Cantor Fitzgerald boosted their target price on eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Needham & Company LLC raised their price target on shares of eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Benchmark upped their price objective on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus raised their target price on shares of eBay from $61.00 to $62.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.32.

eBay Price Performance

eBay stock opened at $69.51 on Friday. The stock’s 50 day moving average price is $66.25 and its two-hundred day moving average price is $65.19. The stock has a market capitalization of $32.04 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52-week low of $50.43 and a 52-week high of $71.61.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the company posted $1.25 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict 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. Investors of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio (DPR) is currently 27.62%.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,685 shares of company stock worth $4,121,245. Corporate insiders own 0.38% of the company’s stock.

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.