eBay Inc. (NASDAQ:EBAY) Shares Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in eBay Inc. (NASDAQ:EBAY) by 15.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,709 shares of the e-commerce company’s stock after purchasing an additional 3,229 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in eBay were worth $1,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. Golden State Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter worth about $27,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the fourth quarter worth about $33,000. New Wave Wealth Advisors LLC bought a new stake in eBay in the fourth quarter valued at about $36,000. Transce3nd LLC acquired a new stake in eBay during the fourth quarter valued at approximately $36,000. Finally, Lee Danner & Bass Inc. bought a new position in eBay during the 4th quarter worth approximately $40,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $69.51 on Friday. eBay Inc. has a 1 year low of $51.02 and a 1 year high of $71.61. The firm has a market cap of $32.04 billion, a P/E ratio of 17.46, a PEG ratio of 2.22 and a beta of 1.30. The stock has a fifty day moving average price of $66.25 and a two-hundred day moving average price of $65.21. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

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

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. eBay’s payout ratio is currently 27.62%.

Analyst Upgrades and Downgrades

EBAY has been the topic of several research reports. Susquehanna upped their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. TD Securities increased their target price on shares of eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Needham & Company LLC lifted their price target on shares of eBay from $72.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Robert W. Baird increased their price objective on shares of eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on eBay from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.32.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. The trade was a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 10,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $69.83, for a total value of $698,300.00. Following the sale, the chief executive officer now directly owns 570,754 shares in the company, valued at $39,855,751.82. This trade represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,685 shares of company stock valued at $4,121,245 over the last ninety days. Insiders own 0.38% of the company’s stock.

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.