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 filing with the Securities and Exchange Commission (SEC). The firm owned 216,621 shares of the e-commerce company’s stock after buying an additional 3,491 shares during the period. eBay makes up 2.7% of Zevin Asset Management LLC’s holdings, making the stock its 14th biggest position. Zevin Asset Management LLC’s holdings in eBay were worth $8,444,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtus ETF Advisers LLC bought a new position in shares of eBay in the second quarter worth $25,000. Venturi Wealth Management LLC bought a new position in shares of eBay in the third quarter worth $26,000. Redhawk Wealth Advisors Inc. bought a new position in shares of eBay in the second quarter worth $30,000. Carroll Financial Associates Inc. increased its position in shares of eBay by 121.1% in the second quarter. Carroll Financial Associates Inc. now owns 975 shares of the e-commerce company’s stock worth $38,000 after purchasing an additional 534 shares during the period. Finally, Doyle Wealth Management bought a new position in shares of eBay in the second quarter worth $39,000. Institutional investors own 89.31% of the company’s stock.
In related news, CEO Devin Wenig sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total transaction of $398,600.00. Following the completion of the sale, the chief executive officer now owns 1,022,419 shares in the company, valued at $40,753,621.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.22% of the company’s stock.
A number of research analysts have issued reports on the company. Raymond James cut eBay from an “outperform” rating to a “market perform” rating and set a $42.00 target price on the stock. in a research report on Thursday, October 24th. Piper Jaffray Companies decreased their target price on eBay from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Morgan Stanley decreased their target price on eBay from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Mizuho decreased their target price on eBay from $37.00 to $33.00 in a research report on Thursday, October 24th. Finally, DA Davidson lifted their target price on eBay to $47.00 and gave the company a “reduce” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. eBay has an average rating of “Hold” and a consensus target price of $42.46.
Shares of EBAY stock traded up $0.25 during mid-day trading on Friday, reaching $35.14. 10,559,700 shares of the stock traded hands, compared to its average volume of 9,557,985. The company has a market cap of $28.86 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38. eBay Inc has a 1-year low of $26.01 and a 1-year high of $42.00. The stock’s fifty day simple moving average is $37.76 and its two-hundred day simple moving average is $38.72. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 2.36.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. eBay had a return on equity of 44.15% and a net margin of 18.33%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that eBay Inc will post 2.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, November 29th. This represents a $0.56 annualized dividend and a yield of 1.59%. eBay’s dividend payout ratio (DPR) is currently 24.14%.
eBay Company Profile
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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