eBay Inc (NASDAQ:EBAY) Shares Sold by Investment House LLC

Investment House LLC lowered its stake in shares of eBay Inc (NASDAQ:EBAY) by 2.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,825 shares of the e-commerce company’s stock after selling 532 shares during the quarter. Investment House LLC’s holdings in eBay were worth $704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Chemical Bank raised its position in eBay by 87.9% in the second quarter. Chemical Bank now owns 29,621 shares of the e-commerce company’s stock valued at $1,170,000 after purchasing an additional 13,856 shares during the period. Capital Asset Advisory Services LLC purchased a new stake in eBay in the second quarter valued at $351,000. WINTON GROUP Ltd raised its position in eBay by 10.2% in the second quarter. WINTON GROUP Ltd now owns 905,851 shares of the e-commerce company’s stock valued at $35,781,000 after purchasing an additional 84,212 shares during the period. Bessemer Group Inc. raised its position in eBay by 67.1% in the second quarter. Bessemer Group Inc. now owns 10,097 shares of the e-commerce company’s stock valued at $399,000 after purchasing an additional 4,056 shares during the period. Finally, Carillon Tower Advisers Inc. raised its position in eBay by 420.3% in the first quarter. Carillon Tower Advisers Inc. now owns 599,925 shares of the e-commerce company’s stock valued at $22,281,000 after purchasing an additional 484,625 shares during the period. 88.57% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on EBAY shares. Robert W. Baird lifted their target price on eBay from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. BidaskClub upgraded eBay from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Citigroup lifted their target price on eBay from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. ValuEngine downgraded eBay from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on eBay from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. eBay currently has a consensus rating of “Hold” and a consensus target price of $41.52.

In other news, CAO Brian J. Doerger sold 19,014 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $41.38, for a total transaction of $786,799.32. Following the completion of the transaction, the chief accounting officer now directly owns 24,844 shares of the company’s stock, valued at approximately $1,028,044.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kristin A. Yetto sold 6,254 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $40.85, for a total value of $255,475.90. Following the transaction, the senior vice president now directly owns 73,700 shares of the company’s stock, valued at $3,010,645. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 232,942 shares of company stock valued at $9,661,957. Insiders own 5.60% of the company’s stock.

Shares of NASDAQ:EBAY traded up $0.37 on Wednesday, hitting $40.40. 82,587 shares of the company’s stock were exchanged, compared to its average volume of 7,072,968. The firm’s 50-day moving average is $40.25 and its 200 day moving average is $37.91. The company has a market capitalization of $33.57 billion, a PE ratio of 17.41, a P/E/G ratio of 1.90 and a beta of 1.37. eBay Inc has a 1-year low of $26.01 and a 1-year high of $42.00. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.31 and a current ratio of 1.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. On average, analysts anticipate that eBay Inc will post 2.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. eBay’s dividend payout ratio is currently 24.14%.

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.

Further Reading: Quick Ratio

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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