eBay Inc. (NASDAQ:EBAY) Holdings Trimmed by Sienna Gestion

Sienna Gestion cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 6.1% during the first quarter, Holdings Channel reports. The fund owned 150,164 shares of the e-commerce company’s stock after selling 9,803 shares during the period. Sienna Gestion’s holdings in eBay were worth $9,886,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new stake in shares of eBay during the 1st quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in eBay in the fourth quarter worth approximately $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay in the fourth quarter worth approximately $33,000. Finally, Sierra Ocean LLC increased its holdings in eBay by 84.9% during the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company’s stock valued at $36,000 after buying an additional 247 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In other news, CEO Jamie Iannone sold 10,974 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the completion of the transaction, the chief executive officer directly owned 306,651 shares of the company’s stock, valued at $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares in the company, valued at $7,241,809.51. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 276,104 shares of company stock worth $22,025,676. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Benchmark boosted their price objective on eBay from $78.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Argus cut eBay from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Cantor Fitzgerald increased their target price on eBay from $69.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of eBay from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Finally, Daiwa America upgraded eBay from a “hold” rating to a “strong-buy” rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $78.19.

eBay Price Performance

Shares of NASDAQ EBAY opened at $100.77 on Thursday. 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 stock has a market capitalization of $46.05 billion, a PE ratio of 22.20, a P/E/G ratio of 2.35 and a beta of 1.27. The business has a fifty day moving average price of $80.74 and a two-hundred day moving average price of $72.30. eBay Inc. has a fifty-two week low of $54.80 and a fifty-two week high of $100.96.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 EPS. As a group, equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay’s dividend payout ratio is currently 25.55%.

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.