Reinhart Partners Inc. Lowers Position in eBay Inc (NASDAQ:EBAY)

Reinhart Partners Inc. decreased its position in eBay Inc (NASDAQ:EBAY) by 26.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 575,668 shares of the e-commerce company’s stock after selling 204,918 shares during the period. eBay comprises 2.1% of Reinhart Partners Inc.’s portfolio, making the stock its 18th largest holding. Reinhart Partners Inc. owned 0.07% of eBay worth $22,440,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EBAY. Virtus ETF Advisers LLC purchased a new stake in eBay during the second quarter worth about $25,000. Venturi Wealth Management LLC purchased a new stake in eBay during the third quarter worth about $26,000. Redhawk Wealth Advisors Inc. purchased a new stake in eBay during the second quarter worth about $30,000. Carroll Financial Associates Inc. boosted its holdings in eBay by 121.1% during the second quarter. Carroll Financial Associates Inc. now owns 975 shares of the e-commerce company’s stock worth $38,000 after buying an additional 534 shares in the last quarter. Finally, Doyle Wealth Management purchased a new stake in eBay during the second quarter worth about $39,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

In other eBay news, CEO Devin Wenig sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $39.86, for a total transaction of $398,600.00. Following the transaction, the chief executive officer now directly owns 1,022,419 shares in the company, valued at approximately $40,753,621.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.22% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:EBAY traded up $0.25 during trading on Friday, reaching $35.14. The stock had a trading volume of 10,559,700 shares, compared to its average volume of 9,557,985. The stock has a market cap of $28.86 billion, a P/E ratio of 15.15, a PEG ratio of 1.51 and a beta of 1.38. The business has a fifty day moving average price of $37.76 and a 200-day moving average price of $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 Inc has a fifty-two week low of $26.01 and a fifty-two week high of $42.00.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. eBay had a net margin of 18.33% and a return on equity of 44.15%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. As a group, equities analysts forecast that eBay Inc will post 2.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be paid a $0.14 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. eBay’s dividend payout ratio (DPR) is presently 24.14%.

A number of analysts recently commented on the stock. Raymond James downgraded shares of eBay from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a report on Thursday, October 24th. Stifel Nicolaus reissued a “hold” rating and set a $42.00 price objective on shares of eBay in a report on Sunday, October 20th. Barclays reduced their price target on shares of eBay from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Deutsche Bank reaffirmed a “neutral” rating and issued a $42.00 price target on shares of eBay in a report on Tuesday, October 22nd. Finally, Cowen set a $36.00 price target on shares of eBay and gave the company a “hold” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. eBay currently has a consensus rating of “Hold” and an average target price of $42.46.

eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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