Plato Investment Management Ltd acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 13,398 shares of the e-commerce company’s stock, valued at approximately $1,488,000.
Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its position in eBay by 62.6% during the 4th quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock valued at $2,013,000 after acquiring an additional 8,899 shares during the period. North Dakota State Investment Board purchased a new stake in eBay in the fourth quarter worth about $1,809,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of eBay during the fourth quarter valued at approximately $9,368,000. Jefferies Financial Group Inc. bought a new stake in shares of eBay in the 4th quarter worth approximately $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in shares of eBay by 904.3% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company’s stock worth $24,668,000 after buying an additional 255,015 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.
eBay Stock Performance
Shares of EBAY opened at $100.94 on Tuesday. The company has a market cap of $44.92 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.49 and a beta of 1.37. The business’s fifty day simple moving average is $110.51 and its two-hundred day simple moving average is $102.10. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.
eBay Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s payout ratio is presently 25.67%.
Insider Activity at eBay
In related news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the sale, the senior vice president owned 34,533 shares in the company, valued at approximately $3,769,967.61. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of eBay stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the completion of the sale, the senior vice president directly owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This trade represents a 63.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 86,112 shares of company stock worth $9,837,076 over the last quarter. Company insiders own 0.67% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on EBAY shares. Citigroup raised their price objective on eBay from $127.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen increased their target price on eBay from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. BNP Paribas Exane increased their target price on eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Jefferies Financial Group set a $145.00 price target on eBay in a report on Thursday, August 6th. Finally, Citizens Jmp lowered eBay from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Fourteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $117.09.
Read Our Latest Stock Report on eBay
eBay Company Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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