CIBC Asset Management Inc lifted its holdings in shares of eBay Inc (NASDAQ:EBAY) by 2.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,787 shares of the e-commerce company’s stock after buying an additional 4,454 shares during the period. CIBC Asset Management Inc’s holdings in eBay were worth $6,120,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in eBay by 4,427.6% in the 1st quarter. Teacher Retirement System of Texas now owns 582,662 shares of the e-commerce company’s stock worth $21,640,000 after purchasing an additional 569,793 shares in the last quarter. Toronto Dominion Bank increased its holdings in eBay by 11.0% in the 1st quarter. Toronto Dominion Bank now owns 646,198 shares of the e-commerce company’s stock worth $23,994,000 after purchasing an additional 64,067 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in eBay in the 1st quarter worth about $227,000. First Allied Advisory Services Inc. increased its holdings in eBay by 1.1% in the 1st quarter. First Allied Advisory Services Inc. now owns 33,293 shares of the e-commerce company’s stock worth $1,243,000 after purchasing an additional 352 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in eBay by 45.0% in the 1st quarter. OLD National Bancorp IN now owns 34,166 shares of the e-commerce company’s stock worth $1,269,000 after purchasing an additional 10,599 shares in the last quarter. 91.11% of the stock is owned by institutional investors.
In related news, SVP Kristin A. Yetto sold 27,512 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $38.34, for a total transaction of $1,054,810.08. Following the sale, the senior vice president now owns 98,856 shares in the company, valued at approximately $3,790,139.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $38.50, for a total value of $3,453,719.50. Following the sale, the chief financial officer now owns 273,283 shares in the company, valued at approximately $10,521,395.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,043 shares of company stock worth $5,837,431. 6.22% of the stock is owned by corporate insiders.
Shares of eBay stock opened at $36.80 on Thursday. eBay Inc has a one year low of $26.01 and a one year high of $40.86. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $31.26 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34.
eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. eBay had a return on equity of 31.26% and a net margin of 24.43%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research analysts expect that eBay Inc will post 2.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Saturday, June 1st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.52%. eBay’s payout ratio is 24.14%.
A number of brokerages have issued reports on EBAY. Deutsche Bank upped their target price on eBay from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upped their target price on eBay from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. BMO Capital Markets upped their target price on eBay from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Robert W. Baird upped their price target on eBay from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Benchmark reiterated a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of eBay in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.12.
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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