eBay Inc. (NASDAQ:EBAY) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,840 shares of the e-commerce company’s stock after selling 2,238 shares during the period. NorthCrest Asset Manangement LLC’s holdings in eBay were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EBAY. Exchange Traded Concepts LLC raised its position in shares of eBay by 18.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,014 shares of the e-commerce company’s stock valued at $311,000 after acquiring an additional 770 shares in the last quarter. Blue Trust Inc. raised its position in shares of eBay by 13.8% during the 4th quarter. Blue Trust Inc. now owns 5,750 shares of the e-commerce company’s stock valued at $374,000 after acquiring an additional 697 shares in the last quarter. Perigon Wealth Management LLC bought a new position in eBay during the 4th quarter worth $267,000. Forsta AP Fonden grew its stake in eBay by 0.5% during the 4th quarter. Forsta AP Fonden now owns 208,600 shares of the e-commerce company’s stock worth $12,923,000 after buying an additional 1,000 shares during the last quarter. Finally, Swedbank AB grew its stake in eBay by 9.2% during the 4th quarter. Swedbank AB now owns 1,521,423 shares of the e-commerce company’s stock worth $94,252,000 after buying an additional 128,709 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Up 0.5%

Shares of EBAY stock opened at $72.74 on Friday. The stock has a 50-day simple moving average of $67.62 and a 200 day simple moving average of $66.14. eBay Inc. has a fifty-two week low of $51.72 and a fifty-two week high of $73.18. The stock has a market capitalization of $33.53 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

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. On average, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given 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 1.59%. eBay’s dividend payout ratio (DPR) is 27.62%.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This trade represents a 30.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total value of $6,694,013.70. Following the completion of the transaction, the senior vice president now owns 123,282 shares of the company’s stock, valued at $8,883,700.92. This trade represents a 42.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 280,650 shares of company stock worth $19,637,729 in the last quarter. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EBAY shares. Citigroup lowered their price objective on eBay from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 25th. TD Securities upped their price objective on eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Needham & Company LLC upped their price objective on eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Wall Street Zen upgraded eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. Finally, BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $67.42.

eBay Company 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.