Aberdeen Group plc lifted its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 6.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 460,245 shares of the e-commerce company’s stock after buying an additional 27,230 shares during the quarter. Aberdeen Group plc’s holdings in eBay were worth $34,049,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Procyon Advisors LLC increased its position in shares of eBay by 100.7% in the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock worth $2,293,000 after acquiring an additional 15,449 shares in the last quarter. Marvin & Palmer Associates Inc. acquired a new stake in shares of eBay in the first quarter worth $2,958,000. Optas LLC increased its position in shares of eBay by 99.0% in the second quarter. Optas LLC now owns 67,974 shares of the e-commerce company’s stock worth $5,061,000 after acquiring an additional 33,814 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of eBay by 0.5% in the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company’s stock worth $3,596,000 after acquiring an additional 246 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of eBay by 59.6% in the first quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company’s stock worth $261,000 after acquiring an additional 1,440 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Trading Down 1.8%
NASDAQ EBAY opened at $88.55 on Monday. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $40.47 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.13 and a beta of 1.31. The company’s fifty day moving average price is $93.06 and its two-hundred day moving average price is $79.84.
eBay Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 29th. eBay’s dividend payout ratio is 25.55%.
Insider Activity
In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the transaction, the senior vice president directly owned 53,107 shares in the company, valued at $4,952,227.75. This represents a 58.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the transaction, the senior vice president owned 93,392 shares in the company, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,949 shares of company stock worth $10,709,691 over the last ninety days. Insiders own 0.64% of the company’s stock.
Analyst Ratings Changes
EBAY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of eBay from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Argus reaffirmed a “hold” rating on shares of eBay in a report on Thursday, August 14th. Needham & Company LLC raised their price target on shares of eBay from $78.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Arete raised shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 price target for the company in a report on Thursday, August 7th. Finally, President Capital raised shares of eBay from a “neutral” rating to a “buy” rating and raised their price target for the company from $74.00 to $103.00 in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $81.29.
Get Our Latest Analysis on eBay
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.
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