eBay Inc. (NASDAQ:EBAY) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,128 shares of the e-commerce company’s stock after buying an additional 2,326 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in eBay were worth $4,221,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in eBay during the fourth quarter worth $27,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay during the 4th quarter worth about $33,000. New Wave Wealth Advisors LLC purchased a new position in eBay in the 4th quarter valued at about $36,000. Transce3nd LLC acquired a new stake in eBay in the 4th quarter worth about $36,000. Finally, Lee Danner & Bass Inc. purchased a new stake in eBay during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

eBay stock opened at $70.31 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $32.76 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company’s 50 day simple moving average is $65.85 and its 200-day simple moving average is $65.04. eBay Inc. has a 1 year low of $49.25 and a 1 year high of $71.61.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. As a group, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. eBay’s dividend payout ratio (DPR) is presently 27.62%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EBAY shares. Sanford C. Bernstein lowered eBay from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on shares of eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. BMO Capital Markets increased their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. TD Securities upped their price objective on shares of eBay from $62.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Finally, UBS Group increased their price objective on shares of eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.32.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now directly owns 590,108 shares of the company’s stock, valued at $39,153,665.80. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,685 shares of company stock valued at $2,743,345. 0.38% of the stock is currently owned by corporate insiders.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.