eBay Inc (EBAY) Stake Increased by Toronto Dominion Bank
Toronto Dominion Bank grew its holdings in eBay Inc (NASDAQ:EBAY) by 11.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 646,198 shares of the e-commerce company’s stock after buying an additional 64,067 shares during the quarter. Toronto Dominion Bank’s holdings in eBay were worth $23,994,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Federated Investors Inc. PA lifted its holdings in shares of eBay by 18.2% during the 3rd quarter. Federated Investors Inc. PA now owns 884,418 shares of the e-commerce company’s stock worth $29,204,000 after acquiring an additional 136,488 shares during the period. DNB Asset Management AS lifted its holdings in shares of eBay by 760.6% during the 4th quarter. DNB Asset Management AS now owns 2,196,053 shares of the e-commerce company’s stock worth $61,643,000 after acquiring an additional 1,940,887 shares during the period. Windward Capital Management Co. CA lifted its holdings in shares of eBay by 0.5% during the 4th quarter. Windward Capital Management Co. CA now owns 170,788 shares of the e-commerce company’s stock worth $4,794,000 after acquiring an additional 897 shares during the period. Oakbrook Investments LLC lifted its stake in eBay by 104.5% in the 4th quarter. Oakbrook Investments LLC now owns 64,120 shares of the e-commerce company’s stock valued at $1,800,000 after purchasing an additional 32,770 shares during the last quarter. Finally, F&V Capital Management LLC lifted its stake in eBay by 1.8% in the 4th quarter. F&V Capital Management LLC now owns 155,955 shares of the e-commerce company’s stock valued at $4,378,000 after purchasing an additional 2,685 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.
In other news, VP Brian J. Doerger sold 14,237 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $38.06, for a total transaction of $541,860.22. Following the completion of the sale, the vice president now directly owns 37,340 shares in the company, valued at $1,421,160.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Scott F. Schenkel sold 89,707 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the sale, the chief financial officer now owns 273,283 shares of the company’s stock, valued at $10,521,395.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,043 shares of company stock valued at $5,837,431. 6.22% of the stock is currently owned by corporate insiders.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. eBay had a net margin of 24.43% and a return on equity of 31.26%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue was up 2.4% on a year-over-year basis. As a group, research analysts expect that eBay Inc will post 2.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is presently 24.14%.
Several equities analysts recently commented on the stock. Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of eBay in a research note on Tuesday, April 16th. BidaskClub downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Robert W. Baird increased their price objective on shares of eBay from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of eBay from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, ValuEngine downgraded shares of eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.12.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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