Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in eBay Inc (NASDAQ:EBAY) by 10.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,626 shares of the e-commerce company’s stock after buying an additional 2,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in eBay were worth $854,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Boston Partners lifted its holdings in eBay by 73.8% in the first quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock valued at $613,397,000 after buying an additional 7,015,365 shares during the period. FMR LLC lifted its holdings in eBay by 89.2% in the first quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after buying an additional 7,108,999 shares during the period. Geode Capital Management LLC lifted its holdings in eBay by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock valued at $350,041,000 after buying an additional 801,529 shares during the period. FIL Ltd lifted its holdings in eBay by 12.7% in the first quarter. FIL Ltd now owns 9,150,615 shares of the e-commerce company’s stock valued at $339,854,000 after buying an additional 1,030,271 shares during the period. Finally, Lindsell Train Ltd lifted its holdings in eBay by 0.3% in the first quarter. Lindsell Train Ltd now owns 8,873,900 shares of the e-commerce company’s stock valued at $329,399,000 after buying an additional 23,000 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.
Several research firms have weighed in on EBAY. Raymond James cut their target price on shares of SM Energy from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, July 18th. Canaccord Genuity increased their target price on shares of eBay from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. KeyCorp began coverage on shares of in a report on Monday. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. cut their target price on shares of Teck Resources from C$56.00 to C$55.00 in a report on Wednesday, April 24th. Finally, Barclays cut their target price on shares of Waters from $218.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.52.
Shares of EBAY stock traded up $0.07 during trading hours on Wednesday, hitting $41.45. 152,076 shares of the company were exchanged, compared to its average volume of 7,680,358. The company has a 50 day moving average of $39.89. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.89. eBay Inc has a 52 week low of $26.01 and a 52 week high of $42.00. The stock has a market cap of $34.58 billion, a P/E ratio of 17.87, a PEG ratio of 1.96 and a beta of 1.35.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, sell-side analysts forecast that eBay Inc will post 2.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, August 30th. 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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