E. Ohman J or Asset Management AB Reduces Stock Position in eBay Inc. (NASDAQ:EBAY)

E. Ohman J or Asset Management AB cut its holdings in eBay Inc. (NASDAQ:EBAY) by 11.7% during the 1st quarter, Holdings Channel reports. The firm owned 20,440 shares of the e-commerce company’s stock after selling 2,700 shares during the period. E. Ohman J or Asset Management AB’s holdings in eBay were worth $1,384,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $27,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay in the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the fourth quarter valued at approximately $33,000. Finally, Transce3nd LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Cantor Fitzgerald increased their price target on shares of eBay from $65.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Needham & Company LLC upped their price objective 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. BMO Capital Markets upped their price objective on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Benchmark upped their price objective on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $67.65.

eBay Stock Performance

Shares of EBAY stock opened at $78.61 on Friday. The company’s fifty day simple moving average is $68.74 and its 200-day simple moving average is $66.74. eBay Inc. has a 52 week low of $51.72 and a 52 week high of $79.50. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $36.24 billion, a PE ratio of 19.75, a P/E/G ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio is presently 27.62%.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,308,946.80. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 92,895 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the sale, the senior vice president now directly owns 123,282 shares of the company’s stock, valued at approximately $8,883,700.92. The trade was a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,650 shares of company stock valued at $19,637,729. Company insiders own 0.64% of the company’s stock.

eBay 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.