Daiwa Securities Group Inc. boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,739 shares of the e-commerce company’s stock after purchasing an additional 10,362 shares during the period. Daiwa Securities Group Inc.’s holdings in eBay were worth $13,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. First Trust Advisors LP lifted its position in eBay by 27.8% during the third quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock valued at $755,767,000 after purchasing an additional 1,808,976 shares during the period. Norges Bank acquired a new position in shares of eBay in the fourth quarter worth about $98,728,000. Woodline Partners LP acquired a new position in shares of eBay in the third quarter worth about $68,999,000. Arrowstreet Capital Limited Partnership raised its position in shares of eBay by 32.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,891,398 shares of the e-commerce company’s stock worth $262,973,000 after acquiring an additional 701,530 shares during the period. Finally, Danske Bank A S acquired a new position in shares of eBay in the third quarter worth about $63,098,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
eBay Stock Up 0.2%
Shares of NASDAQ EBAY opened at $109.35 on Friday. eBay Inc. has a 12-month low of $72.84 and a 12-month high of $119.31. The stock has a market cap of $48.55 billion, a PE ratio of 24.80, a P/E/G ratio of 2.43 and a beta of 1.39. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average of $104.60 and a 200 day moving average of $93.47.
eBay Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s dividend payout ratio is currently 28.12%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $98.00 price objective on shares of eBay in a research report on Thursday, April 30th. Barclays upped their price objective on shares of eBay from $104.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley upped their price objective on shares of eBay to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Jefferies Financial Group upped their price objective on shares of eBay from $60.00 to $65.00 in a research report on Thursday, April 30th. Finally, Daiwa Securities Group upped their price objective on shares of eBay from $90.00 to $114.00 in a research report on Monday, May 11th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $107.84.
Read Our Latest Analysis on eBay
Insider Buying and Selling at eBay
In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $115.61, for a total transaction of $116,766.10. Following the completion of the sale, the senior vice president owned 32,146 shares of the company’s stock, valued at approximately $3,716,399.06. This represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the sale, the senior vice president directly owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This represents a 63.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 136,953 shares of company stock worth $14,139,444 in the last 90 days. 0.64% of the stock is currently owned by insiders.
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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