Foresters Investment Management Company Inc. Has $6.11 Million Position in eBay Inc (EBAY)

Foresters Investment Management Company Inc. decreased its position in eBay Inc (NASDAQ:EBAY) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,700 shares of the e-commerce company’s stock after selling 41,050 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in eBay were worth $6,111,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. DNB Asset Management AS raised its holdings in eBay by 760.6% in the fourth quarter. DNB Asset Management AS now owns 2,196,053 shares of the e-commerce company’s stock valued at $61,643,000 after acquiring an additional 1,940,887 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in eBay in the fourth quarter valued at approximately $42,000. Nisa Investment Advisors LLC raised its holdings in eBay by 5.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 401,589 shares of the e-commerce company’s stock valued at $11,273,000 after acquiring an additional 19,015 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in eBay by 34.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 270,862 shares of the e-commerce company’s stock valued at $7,603,000 after acquiring an additional 69,226 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in eBay by 74.8% in the third quarter. Nordea Investment Management AB now owns 17,883,506 shares of the e-commerce company’s stock valued at $590,516,000 after acquiring an additional 7,651,060 shares in the last quarter. 85.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EBAY opened at $36.35 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $33.19 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.77 and a beta of 1.36. eBay Inc has a 12-month low of $26.01 and a 12-month high of $43.00.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. Analysts anticipate that eBay Inc will post 2.15 earnings per share for the current year.

The firm also recently announced a Not Available dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, February 28th. eBay’s dividend payout ratio (DPR) is presently 24.14%.

In related news, Director Robert Holmes Swan purchased 17,787 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was purchased at an average cost of $28.21 per share, with a total value of $501,771.27. Following the completion of the acquisition, the director now directly owns 289,207 shares in the company, valued at $8,158,529.47. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Brian J. Doerger sold 10,185 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the sale, the vice president now directly owns 39,544 shares of the company’s stock, valued at $1,356,359.20. The disclosure for this sale can be found here. Company insiders own 6.22% of the company’s stock.

EBAY has been the topic of several recent analyst reports. Goldman Sachs Group lowered shares of eBay from a “buy” rating to a “neutral” rating and dropped their price target for the company from $34.00 to $32.00 in a research note on Friday, January 4th. TheStreet upgraded shares of eBay from a “c+” rating to a “b-” rating in a research note on Wednesday, January 30th. ValuEngine lowered shares of eBay from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Aegis reiterated a “buy” rating and issued a $40.00 price target (down from $44.00) on shares of eBay in a research note on Wednesday, January 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price target on shares of eBay in a research note on Wednesday, January 16th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. eBay has an average rating of “Hold” and an average price target of $39.13.

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eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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