Rockefeller Capital Management L.P. lifted its position in shares of eBay Inc (NASDAQ:EBAY) by 437.2% during the 1st quarter, HoldingsChannel reports. The firm owned 4,948 shares of the e-commerce company’s stock after purchasing an additional 4,027 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in eBay were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Global Financial Private Capital LLC bought a new stake in shares of eBay during the first quarter worth $1,223,000. Barrett Asset Management LLC bought a new stake in shares of eBay during the first quarter worth $988,000. Federated Investors Inc. PA raised its position in shares of eBay by 174.5% during 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 acquiring an additional 672,260 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in eBay by 16.9% in the first quarter. Xact Kapitalforvaltning AB now owns 195,498 shares of the e-commerce company’s stock valued at $7,261,000 after purchasing an additional 28,268 shares during the last quarter. Finally, Corient Capital Partners LLC bought a new stake in eBay in the first quarter valued at about $217,000. 86.35% of the stock is currently owned by institutional investors.
EBAY has been the subject of a number of recent analyst reports. Barclays upped their price objective on eBay to $46.00 and gave the company an “overweight” rating in a report on Monday, March 4th. DA Davidson upped their price objective on eBay to $44.00 and gave the company a “buy” rating in a report on Monday, March 4th. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. BidaskClub cut eBay from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 12th. Finally, Benchmark reissued a “buy” rating and issued a $42.00 target price on shares of eBay in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company. eBay currently has an average rating of “Hold” and an average target price of $39.98.
eBay (NASDAQ:EBAY) last issued 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. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.58 billion. eBay had a return on equity of 31.26% and a net margin of 24.43%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, analysts forecast that eBay Inc will post 2.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Saturday, June 1st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is 24.14%.
In related news, VP Brian J. Doerger sold 14,237 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $38.06, for a total transaction of $541,860.22. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott F. Schenkel sold 89,707 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was 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 disclosure for this sale can be found here. In the last three months, insiders have sold 177,199 shares of company stock worth $6,778,517. 6.22% of the stock is currently owned by company insiders.
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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