Capital Asset Advisory Services LLC grew its stake in shares of eBay Inc (NASDAQ:EBAY) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,019 shares of the e-commerce company’s stock after purchasing an additional 1,133 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in eBay were worth $391,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of eBay by 89.2% during the 1st quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after acquiring an additional 7,108,999 shares during the period. Renaissance Technologies LLC increased its position in eBay by 247.4% in the second quarter. Renaissance Technologies LLC now owns 11,685,728 shares of the e-commerce company’s stock worth $461,586,000 after buying an additional 8,322,388 shares during the last quarter. Nuveen Asset Management LLC increased its position in eBay by 1,128.3% in the second quarter. Nuveen Asset Management LLC now owns 11,368,581 shares of the e-commerce company’s stock worth $449,059,000 after buying an additional 10,443,045 shares during the last quarter. Northern Trust Corp increased its position in eBay by 0.5% in the second quarter. Northern Trust Corp now owns 11,079,108 shares of the e-commerce company’s stock worth $437,625,000 after buying an additional 53,488 shares during the last quarter. Finally, Independent Franchise Partners LLP increased its position in eBay by 1.5% in the second quarter. Independent Franchise Partners LLP now owns 10,680,122 shares of the e-commerce company’s stock worth $421,864,000 after buying an additional 160,368 shares during the last quarter. 86.24% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on EBAY shares. BidaskClub downgraded eBay from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. KeyCorp raised their price target on eBay from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Credit Suisse Group set a $49.00 price target on eBay and gave the stock a “buy” rating in a report on Thursday, September 26th. Deutsche Bank raised their price target on eBay from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $36.00 price target on shares of eBay in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. eBay presently has a consensus rating of “Hold” and an average target price of $42.22.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results 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. eBay had a return on equity of 36.67% and a net margin of 22.12%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. On average, analysts expect that eBay Inc will post 2.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio (DPR) is currently 24.14%.
In other eBay news, SVP Kristin A. Yetto sold 6,254 shares of eBay stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $40.85, for a total transaction of $255,475.90. Following the completion of the sale, the senior vice president now owns 73,700 shares of the company’s stock, valued at $3,010,645. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Brian J. Doerger sold 19,014 shares of eBay stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $41.38, for a total value of $786,799.32. Following the sale, the chief accounting officer now directly owns 24,844 shares of the company’s stock, valued at approximately $1,028,044.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 232,942 shares of company stock valued at $9,663,057. Corporate insiders own 6.22% 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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