Chemical Bank lessened its holdings in eBay Inc (NASDAQ:EBAY) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,765 shares of the e-commerce company’s stock after selling 270 shares during the period. Chemical Bank’s holdings in eBay were worth $586,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of EBAY. Baupost Group LLC MA acquired a new stake in eBay during the fourth quarter worth about $589,470,000. Nordea Investment Management AB boosted its holdings in eBay by 10.5% during the fourth quarter. Nordea Investment Management AB now owns 19,769,574 shares of the e-commerce company’s stock valued at $554,934,000 after purchasing an additional 1,886,068 shares in the last quarter. Boston Partners boosted its holdings in eBay by 73.8% during the first quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock valued at $613,397,000 after purchasing an additional 7,015,365 shares in the last quarter. Geode Capital Management LLC boosted its holdings in eBay by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock valued at $350,041,000 after purchasing an additional 801,529 shares in the last quarter. Finally, Lindsell Train Ltd boosted its holdings in eBay by 0.3% during the first quarter. Lindsell Train Ltd now owns 8,873,900 shares of the e-commerce company’s stock valued at $329,399,000 after purchasing an additional 23,000 shares in the last quarter. 86.34% of the stock is owned by institutional investors and hedge funds.
Shares of EBAY traded up $0.70 during trading hours on Friday, reaching $37.51. The stock had a trading volume of 11,865,053 shares, compared to its average volume of 7,938,454. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.48. eBay Inc has a 52 week low of $26.01 and a 52 week high of $40.76. The stock has a market cap of $32.69 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.81 and a beta of 1.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.49%. eBay’s dividend payout ratio is 24.14%.
A number of equities research analysts have weighed in on EBAY shares. Barclays lifted their price objective on eBay to $46.00 and gave the company an “overweight” rating in a report on Monday, March 4th. DA Davidson lifted their price objective on eBay to $44.00 and gave the company a “buy” rating in a report on Monday, March 4th. ValuEngine downgraded eBay from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. BidaskClub downgraded eBay from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $42.00 price objective on shares of eBay in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.98.
In other news, VP Brian J. Doerger sold 14,237 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $38.06, for a total value of $541,860.22. Following the sale, the vice president now directly owns 37,340 shares of the company’s stock, valued at approximately $1,421,160.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kristin A. Yetto sold 25,156 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $37.41, for a total transaction of $941,085.96. Following the completion of the sale, the senior vice president now directly owns 74,547 shares in the company, valued at $2,788,803.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,199 shares of company stock valued at $6,778,517. Company insiders own 6.22% of the company’s stock.
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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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