Occidental Asset Management LLC Buys 2,431 Shares of eBay Inc (NASDAQ:EBAY)
Occidental Asset Management LLC grew its stake in shares of eBay Inc (NASDAQ:EBAY) by 11.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,844 shares of the e-commerce company’s stock after acquiring an additional 2,431 shares during the period. Occidental Asset Management LLC’s holdings in eBay were worth $825,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in shares of eBay during the third quarter valued at approximately $26,000. Doyle Wealth Management bought a new stake in shares of eBay during the second quarter valued at approximately $39,000. Hussman Strategic Advisors Inc. bought a new stake in shares of eBay during the third quarter valued at approximately $39,000. North Star Investment Management Corp. bought a new stake in shares of eBay during the third quarter valued at approximately $55,000. Finally, Garrett Wealth Advisory Group LLC bought a new stake in shares of eBay during the third quarter valued at approximately $62,000. 87.19% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on EBAY. SunTrust Banks reaffirmed a “hold” rating and set a $40.00 price target on shares of eBay in a research note on Friday, November 29th. Stifel Nicolaus reissued a “hold” rating and set a $42.00 price objective on shares of eBay in a report on Monday, November 25th. ValuEngine raised shares of eBay from a “strong sell” rating to a “sell” rating in a report on Friday, January 3rd. BidaskClub lowered shares of eBay from a “sell” rating to a “strong sell” rating in a report on Saturday, January 11th. Finally, Deutsche Bank reissued a “neutral” rating and set a $42.00 price objective on shares of eBay in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $42.73.
NASDAQ EBAY opened at $35.30 on Thursday. eBay Inc has a 12-month low of $30.06 and a 12-month high of $42.00. The firm’s fifty day simple moving average is $35.54 and its two-hundred day simple moving average is $37.98. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $28.76 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.48 and a beta of 1.36.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. eBay had a net margin of 18.33% and a return on equity of 41.12%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that eBay Inc will post 2.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. eBay’s payout ratio is currently 31.64%.
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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