Zevin Asset Management LLC grew its position in shares of eBay Inc (NASDAQ:EBAY) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,621 shares of the e-commerce company’s stock after purchasing an additional 3,491 shares during the quarter. eBay makes up about 2.7% of Zevin Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Zevin Asset Management LLC’s holdings in eBay were worth $8,444,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Chemical Bank grew its position in eBay by 87.9% during the 2nd quarter. Chemical Bank now owns 29,621 shares of the e-commerce company’s stock worth $1,170,000 after acquiring an additional 13,856 shares during the last quarter. Harrington Investments INC grew its position in eBay by 5.2% during the 2nd quarter. Harrington Investments INC now owns 26,591 shares of the e-commerce company’s stock worth $1,050,000 after acquiring an additional 1,310 shares during the last quarter. Capital Asset Advisory Services LLC bought a new position in eBay during the 2nd quarter worth approximately $351,000. WINTON GROUP Ltd grew its position in eBay by 10.2% during the 2nd quarter. WINTON GROUP Ltd now owns 905,851 shares of the e-commerce company’s stock worth $35,781,000 after acquiring an additional 84,212 shares during the last quarter. Finally, BB&T Securities LLC grew its position in eBay by 1.2% during the 2nd quarter. BB&T Securities LLC now owns 299,227 shares of the e-commerce company’s stock worth $11,819,000 after acquiring an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.
NASDAQ EBAY traded up $0.25 on Friday, hitting $35.14. The company’s stock had a trading volume of 10,559,700 shares, compared to its average volume of 9,557,985. The firm has a market cap of $28.86 billion, a P/E ratio of 15.15, a PEG ratio of 1.51 and a beta of 1.38. The company’s 50-day simple moving average is $37.76 and its 200 day simple moving average is $38.72. eBay Inc has a 52-week low of $26.01 and a 52-week high of $42.00. 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 also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is 24.14%.
In related news, CEO Devin Wenig sold 10,000 shares of eBay stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total value of $398,600.00. Following the completion of the sale, the chief executive officer now owns 1,022,419 shares of the company’s stock, valued at $40,753,621.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.22% of the stock is currently owned by company insiders.
Several research firms recently issued reports on EBAY. DA Davidson raised their price target on eBay to $47.00 and gave the stock a “reduce” rating in a research report on Thursday, July 18th. Credit Suisse Group set a $48.00 price target on eBay and gave the stock a “buy” rating in a research report on Friday, October 11th. ValuEngine lowered eBay from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Aegis lowered eBay from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, KeyCorp increased their price objective on eBay from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.46.
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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