Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 299.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,423 shares of the e-commerce company’s stock after acquiring an additional 134,470 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in eBay were worth $7,441,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC raised its stake in eBay by 49.0% during the third quarter. Eagle Bay Advisors LLC now owns 736 shares of the e-commerce company’s stock worth $27,000 after acquiring an additional 242 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of eBay during the third quarter worth about $28,000. Romano Brothers AND Company bought a new stake in shares of eBay during the fourth quarter worth about $29,000. Guardian Wealth Advisors LLC bought a new stake in shares of eBay during the third quarter worth about $40,000. Finally, General Partner Inc. bought a new stake in shares of eBay during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 85.51% of the company’s stock.
Insider Activity at eBay
In other news, SVP Cornelius Boone sold 5,500 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $44.67, for a total transaction of $245,685.00. Following the completion of the sale, the senior vice president now directly owns 44,982 shares of the company’s stock, valued at approximately $2,009,345.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
eBay Trading Up 0.7 %
NASDAQ EBAY opened at $43.62 on Friday. The firm has a market capitalization of $23.33 billion, a P/E ratio of 36.35, a PEG ratio of 1.33 and a beta of 1.35. The business has a fifty day simple moving average of $44.01 and a 200 day simple moving average of $44.69. eBay Inc. has a 12 month low of $35.92 and a 12 month high of $52.23. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.43.
eBay (NASDAQ:EBAY – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.46 billion. eBay had a return on equity of 35.65% and a net margin of 6.51%. eBay’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. On average, analysts predict that eBay Inc. will post 3.35 EPS for the current fiscal year.
eBay Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Thursday, June 1st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, May 31st. eBay’s payout ratio is currently 83.33%.
eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.
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