Occidental Asset Management LLC Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Occidental Asset Management LLC grew its holdings in eBay Inc. (NASDAQ:EBAY) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,010 shares of the e-commerce company’s stock after purchasing an additional 1,642 shares during the quarter. Occidental Asset Management LLC’s holdings in eBay were worth $1,889,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EBAY. Vanguard Group Inc. grew its stake in shares of eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after buying an additional 4,524,934 shares during the period. Ameriprise Financial Inc. raised its stake in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. Mirova US LLC lifted its stake in eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after buying an additional 838,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,224 shares of company stock valued at $2,600,666 over the last quarter. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $66.88 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $33.57 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 2.59 and a beta of 1.32. The stock’s fifty day moving average price is $61.11 and its two-hundred day moving average price is $55.67. eBay Inc. has a one year low of $37.17 and a one year high of $67.72.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. On average, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of analyst reports. Benchmark boosted their target price on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. began coverage on shares of eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. Evercore ISI raised their target price on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $58.05.

About eBay

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.