River Global Investors LLP Sells 4,136 Shares of eBay Inc. (NASDAQ:EBAY)

River Global Investors LLP cut its stake in eBay Inc. (NASDAQ:EBAY) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,565 shares of the e-commerce company’s stock after selling 4,136 shares during the period. River Global Investors LLP’s holdings in eBay were worth $2,294,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EBAY. Axxcess Wealth Management LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $217,000. Sapient Capital LLC bought a new stake in shares of eBay during the 4th quarter valued at $376,000. M&T Bank Corp grew its position in shares of eBay by 0.6% in the 4th quarter. M&T Bank Corp now owns 48,235 shares of the e-commerce company’s stock worth $2,105,000 after buying an additional 284 shares during the period. Savant Capital LLC increased its stake in shares of eBay by 2.3% in the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after acquiring an additional 262 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of eBay by 18.2% during the fourth quarter. Brighton Jones LLC now owns 12,093 shares of the e-commerce company’s stock valued at $527,000 after purchasing an additional 1,858 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Activity at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EBAY. The Goldman Sachs Group began coverage on eBay in a research note on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price target for the company. Benchmark reaffirmed a “buy” rating and issued a $58.00 target price on shares of eBay in a report on Thursday. Barclays lifted their price target on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company upped their price objective on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Finally, Robert W. Baird upped their target price on shares of eBay from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.35.

eBay Trading Up 0.5 %

Shares of EBAY traded up $0.26 during mid-day trading on Friday, reaching $49.65. 6,896,723 shares of the company’s stock traded hands, compared to its average volume of 5,298,042. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 2.44. The stock’s 50-day moving average is $50.70 and its two-hundred day moving average is $44.77. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $52.93. The stock has a market cap of $25.14 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.96 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business earned $0.87 EPS. eBay’s revenue was up 1.8% compared to the same quarter last year. Research analysts forecast that eBay Inc. will post 3.75 earnings per share for the current fiscal year.

eBay announced that its board has authorized a stock repurchase plan on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.18%. eBay’s payout ratio is 21.51%.

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.