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eBay Inc. (NASDAQ:EBAY) Shares sold by Los Angeles Capital Management LLC


Los Angeles Capital Management LLC reduced its stake in eBay Inc. (NASDAQ:EBAY – Free Report) up 65.2% in the fourth quarter, reports Holdings Channel. The fund owned 30,942 shares of the e-commerce company after selling 57,879 shares in the quarter. Los Angeles Capital Management LLC’s stake in eBay was worth $1,350,000, according to its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently changed their positions on EBAY. In the third quarter, Ameriprise Financial Inc. increased its stake in eBay shares by 39.8%. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after purchasing an additional 3,534,030 shares during the period. In the fourth quarter, Pacer Advisors Inc. increased its position in eBay shares by 34.3%. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock valued at $254,712,000 after acquiring an additional 1,491,485 shares during the period. Invesco Ltd. increased its holdings in shares of eBay by 16.0% in the 3rd quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after purchasing an additional 1,130,089 shares in the last quarter. Boston Partners grew its stake in eBay by 17.7% during the third quarter. Boston Partners now owns 3,980,512 shares of the e-commerce company’s stock valued at $175,451,000 after purchasing an additional 599,607 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position on eBay by 604.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after purchasing an additional 541,384 shares in the last quarter. Hedge funds and other institutional investors hold 87.48% of the company’s shares.

Buying and selling confidential information

In other eBay news, VP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction amount of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. In other eBay news, Vice President Marie Oh Huber sold 49,070 shares of eBay stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction amount of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. Additionally, Vice President Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.03 for a total value of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The announcement of this sale can be found here. Insiders own 0.21% of the company’s shares.

eBay Pricing Performance

On Thursday, EBAY shares reached $49.69. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay Inc. it has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a market capitalization of $25.14 billion, a P/E ratio of 9.90, a PEG ratio of 1.93 and a beta of 1.31. The company’s 50-day moving average price is $51.03 and its 200-day moving average price is $44.98.

eBay (NASDAQ:EBAY – Get Free Report) last released quarterly data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay achieved a return on equity of 29.11% and a net margin of 25.97%. The company’s revenue for the quarter was $2.56 billion, compared to analyst estimates of $2.53 billion. In the same quarter last year, the company earned $0.87 per share. The company’s revenues increased by 1.8% year-on-year. Analysts predict that, on average, eBay Inc. will see 3.75 earnings per share for the current fiscal year.

eBay announced that on Tuesday, February 27, its board of directors approved a stock repurchase program that allows the company to repurchase $2.00 billion of outstanding shares. This repurchase authorization allows the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Share buyback programs are usually a signal that a company’s management believes its shares are undervalued.

eBay announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14. Shareholders who hit record highs on Friday, May 31 will receive a dividend of $0.27 per share. This represents a dividend of $1.08 on an annualized basis and a dividend yield of 2.17%. The ex-dividend date for this dividend is Thursday, May 30. eBay’s dividend payout ratio is currently 21.51%.

Wall Street analysts predict growth

Many research companies have participated in EBAY. Robert W. Baird raised their price target on shares of eBay from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2. The Goldman Sachs Group began coverage of eBay stock on Wednesday, January 10. They set a “sell” rating and a $38.00 price target for the company. Mizuho raised their price target on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Benchmark reiterated a “buy” rating and set a $58.00 price target on shares of eBay in a research report on Thursday, May 2nd. One equity research analyst rated the stock with a sell rating, eleven rated the stock with a hold rating, and seven rated the stock with a buy rating. According to MarketBeat.com, eBay currently has an average rating of “Hold” and an average price target of $51.45.

See our latest analysis on eBay

eBay profile

(free report)

eBay Inc., together with its subsidiaries, operates marketplaces that connect buyers and sellers in the United States, United Kingdom, China, Germany and around the world. The company’s marketplace includes an online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile applications.

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Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for eBay Inc. (NASDAQ:EBAY – Free Report).

Institutional ownership by quarter for eBay (NASDAQ:EBAY)



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