Banco Santander S.A. Invests $924,000 in eBay Inc (NASDAQ:EBAY)

Banco Santander S.A. purchased a new position in eBay Inc (NASDAQ:EBAY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 24,880 shares of the e-commerce company’s stock, valued at approximately $924,000.

Several other institutional investors and hedge funds also recently modified their holdings of EBAY. Riverview Trust Co bought a new position in eBay in the first quarter worth $25,000. Paragon Capital Management LLC purchased a new position in eBay during the 1st quarter valued at about $28,000. Cable Hill Partners LLC increased its holdings in eBay by 64.6% during the 1st quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 295 shares during the period. Brand Asset Management Group Inc. grew its holdings in shares of eBay by 69.6% during the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 355 shares during the period. Finally, Icon Wealth Partners LLC purchased a new position in shares of eBay during the 1st quarter worth approximately $32,000. 86.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:EBAY traded up $0.39 during midday trading on Monday, reaching $39.89. The company had a trading volume of 4,337,026 shares, compared to its average volume of 11,150,108. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.48. eBay Inc has a one year low of $26.01 and a one year high of $40.55. The company’s fifty day simple moving average is $37.76. The stock has a market cap of $34.77 billion, a PE ratio of 17.19, a P/E/G ratio of 1.95 and a beta of 1.35.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. eBay had a return on equity of 31.26% and a net margin of 24.43%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that eBay Inc will post 2.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.40%. eBay’s dividend payout ratio is currently 24.14%.

EBAY has been the topic of a number of recent research reports. DA Davidson lifted their price target on shares of eBay to $44.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Barclays upped their target price on eBay from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Piper Jaffray Companies upped their target price on eBay from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Stifel Nicolaus upped their target price on eBay from $39.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, BidaskClub cut eBay from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.98.

In other eBay news, SVP Kristin A. Yetto sold 25,156 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $37.41, for a total value of $941,085.96. Following the sale, the senior vice president now directly owns 74,547 shares of the company’s stock, valued at approximately $2,788,803.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Stephen Fisher sold 20,587 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $38.23, for a total transaction of $787,041.01. Following the completion of the sale, the senior vice president now directly owns 81,305 shares in the company, valued at $3,108,290.15. The disclosure for this sale can be found here. Insiders have sold 177,199 shares of company stock valued at $6,778,517 in the last three months. Corporate insiders own 5.60% of the company’s stock.

About eBay

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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