Sei Investments Co. lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,198 shares of the e-commerce company’s stock after selling 115,610 shares during the period. Sei Investments Co. owned 0.05% of eBay worth $18,960,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of EBAY. Glassman Wealth Services boosted its position in shares of eBay by 25.3% during the 4th quarter. Glassman Wealth Services now owns 867 shares of the e-commerce company’s stock worth $44,000 after acquiring an additional 175 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in eBay by 0.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,797 shares of the e-commerce company’s stock valued at $2,552,000 after purchasing an additional 188 shares in the last quarter. Hanson & Doremus Investment Management increased its stake in eBay by 56.3% in the fourth quarter. Hanson & Doremus Investment Management now owns 558 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 201 shares during the last quarter. Roberts Glore & Co. Inc. IL raised its holdings in eBay by 1.7% during the third quarter. Roberts Glore & Co. Inc. IL now owns 12,607 shares of the e-commerce company’s stock worth $656,000 after purchasing an additional 205 shares in the last quarter. Finally, Leavell Investment Management Inc. lifted its position in shares of eBay by 4.5% during the 4th quarter. Leavell Investment Management Inc. now owns 5,436 shares of the e-commerce company’s stock worth $273,000 after buying an additional 235 shares during the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Pete Thompson sold 853 shares of the business’s stock in a transaction that occurred on Thursday, December 17th. The stock was sold at an average price of $53.63, for a total transaction of $45,746.39. Following the sale, the senior vice president now owns 14,801 shares of the company’s stock, valued at approximately $793,777.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew John Cring sold 9,512 shares of the company’s stock in a transaction that occurred on Tuesday, January 19th. The stock was sold at an average price of $57.00, for a total value of $542,184.00. Following the completion of the sale, the chief financial officer now owns 122,664 shares in the company, valued at approximately $6,991,848. The disclosure for this sale can be found here. Insiders sold a total of 13,083 shares of company stock valued at $757,805 in the last quarter. Insiders own 5.02% of the company’s stock.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Tuesday, February 2nd. The e-commerce company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.71 billion. eBay had a return on equity of 82.73% and a net margin of 50.42%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. Equities analysts forecast that eBay Inc. will post 2.89 earnings per share for the current fiscal year.
eBay declared that its board has initiated a stock repurchase program on Wednesday, February 3rd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the e-commerce company to reacquire up to 10% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 19th. Stockholders of record on Monday, March 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, February 26th. This is a boost from eBay’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.17%. eBay’s dividend payout ratio is 27.59%.
EBAY has been the topic of several research analyst reports. Benchmark lifted their price target on shares of eBay from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Credit Suisse Group lifted their target price on eBay from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, February 4th. DA Davidson upped their target price on eBay from $67.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 4th. Morgan Stanley lifted their price target on eBay from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 4th. Finally, Bank of America increased their price objective on eBay from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Thirteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $67.20.
eBay Inc operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.
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