Point72 Hong Kong Ltd Purchases Shares of 150,000 eBay Inc (NASDAQ:EBAY)

Point72 Hong Kong Ltd purchased a new stake in shares of eBay Inc (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 150,000 shares of the e-commerce company’s stock, valued at approximately $5,925,000. eBay comprises approximately 1.6% of Point72 Hong Kong Ltd’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds also recently made changes to their positions in the business. Cable Hill Partners LLC lifted its position in eBay by 64.6% in the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 295 shares during the period. Greenleaf Trust lifted its position in eBay by 2.8% in the second quarter. Greenleaf Trust now owns 11,171 shares of the e-commerce company’s stock worth $441,000 after purchasing an additional 299 shares during the period. Hillsdale Investment Management Inc. lifted its position in eBay by 2.2% in the second quarter. Hillsdale Investment Management Inc. now owns 13,730 shares of the e-commerce company’s stock worth $542,000 after purchasing an additional 300 shares during the period. Synovus Financial Corp lifted its position in eBay by 3.2% in the second quarter. Synovus Financial Corp now owns 12,557 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 395 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in eBay by 71.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 961 shares of the e-commerce company’s stock worth $36,000 after purchasing an additional 401 shares during the period. Institutional investors own 86.17% of the company’s stock.

EBAY stock traded down $0.04 during midday trading on Friday, reaching $40.36. The stock had a trading volume of 4,893,768 shares, compared to its average volume of 6,256,405. The business has a fifty day simple moving average of $40.13 and a two-hundred day simple moving average of $38.49. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.89. The firm has a market cap of $33.85 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.93 and a beta of 1.38. eBay Inc has a twelve month low of $26.01 and a twelve month high of $42.00.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.19. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, equities analysts predict that eBay Inc will post 2.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio (DPR) is currently 24.14%.

In other eBay news, CEO Devin Wenig sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total transaction of $398,600.00. Following the transaction, 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 document filed with the SEC, which is available through this link. Also, Director Matthew J. Murphy bought 6,000 shares of eBay stock in a transaction on Monday, August 5th. The shares were bought at an average price of $38.79 per share, for a total transaction of $232,740.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 242,942 shares of company stock worth $10,060,557. Company insiders own 6.22% of the company’s stock.

EBAY has been the subject of several research reports. Aegis reaffirmed a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of eBay in a research report on Thursday, July 18th. DA Davidson raised their target price on eBay to $47.00 and gave the stock a “reduce” rating in a research report on Thursday, July 18th. BidaskClub cut eBay from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. UBS Group cut eBay from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Wednesday, September 4th. Finally, SunTrust Banks reissued a “hold” rating and set a $36.00 price objective on shares of eBay in a report on Tuesday, July 16th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $41.73.

About eBay

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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