AlphaCrest Capital Management LLC lowered its stake in shares of eBay Inc (NASDAQ:EBAY) by 39.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,420 shares of the e-commerce company’s stock after selling 11,980 shares during the period. AlphaCrest Capital Management LLC’s holdings in eBay were worth $684,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new position in eBay in the first quarter worth about $331,000. Rockefeller Capital Management L.P. raised its position in eBay by 437.2% in the first quarter. Rockefeller Capital Management L.P. now owns 4,948 shares of the e-commerce company’s stock worth $184,000 after purchasing an additional 4,027 shares in the last quarter. Global Financial Private Capital LLC acquired a new position in eBay in the first quarter worth about $1,223,000. Barrett Asset Management LLC acquired a new position in eBay in the first quarter worth about $988,000. Finally, Federated Investors Inc. PA raised its position in eBay by 174.5% in the first quarter. Federated Investors Inc. PA now owns 1,057,619 shares of the e-commerce company’s stock worth $39,280,000 after purchasing an additional 672,260 shares in the last quarter. 86.28% of the stock is owned by institutional investors and hedge funds.
Shares of EBAY traded up $0.39 during mid-day trading on Monday, hitting $39.89. 4,337,026 shares of the company traded hands, compared to its average volume of 11,150,108. eBay Inc has a one year low of $26.01 and a one year high of $40.55. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.48. The business has a 50-day simple moving average of $37.63. The stock has a market capitalization of $34.77 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Saturday, June 1st were paid a $0.14 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.40%. eBay’s payout ratio is presently 24.14%.
Several brokerages have weighed in on EBAY. BidaskClub raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Morgan Stanley upped their price objective on shares of eBay from $33.00 to $34.50 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. UBS Group upped their price objective on shares of eBay from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Deutsche Bank upped their price objective on shares of eBay from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, BMO Capital Markets upped their price objective on shares of eBay from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the company. eBay presently has a consensus rating of “Hold” and an average price target of $39.98.
In other eBay news, CFO Scott F. Schenkel sold 89,707 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $38.50, for a total value of $3,453,719.50. Following the transaction, the chief financial officer now directly owns 273,283 shares of the company’s stock, valued at $10,521,395.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kristin A. Yetto sold 25,156 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 ninety days, insiders sold 177,199 shares of company stock worth $6,778,517. Insiders own 5.60% of the company’s stock.
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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