CoreCap Advisors LLC Purchases 28,925 Shares of eBay Inc. (NASDAQ:EBAY)

CoreCap Advisors LLC boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 2,988.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,893 shares of the e-commerce company’s stock after purchasing an additional 28,925 shares during the period. CoreCap Advisors LLC’s holdings in eBay were worth $1,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. raised its position in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock valued at $692,517,000 after buying an additional 2,277,839 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of eBay by 304.2% in the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock valued at $130,421,000 after buying an additional 1,584,404 shares during the last quarter. Raymond James Financial Inc. acquired a new position in eBay during the 4th quarter worth about $96,214,000. Finally, Boston Partners grew its holdings in eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock worth $362,823,000 after acquiring an additional 1,524,691 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Down 0.9 %

eBay stock opened at $69.76 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50-day moving average of $66.09 and a 200-day moving average of $65.11. The company has a market cap of $32.51 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 2.22 and a beta of 1.30. eBay Inc. has a one year low of $49.60 and a one year high of $71.61.

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

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.66%. eBay’s dividend payout ratio (DPR) is currently 27.62%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,685 shares of company stock valued at $4,121,245 over the last 90 days. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of eBay from $63.00 to $69.00 and gave the stock an “in-line” rating in a research report on Thursday, May 1st. BMO Capital Markets increased their price objective on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Benchmark upped their price target on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Citigroup dropped their price objective on eBay from $80.00 to $79.00 and set a “buy” rating for the company in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.32.

eBay Profile

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.