Marble Harbor Investment Counsel LLC raised its stake in shares of eBay Inc (NASDAQ:EBAY) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 323,330 shares of the e-commerce company’s stock after purchasing an additional 1,650 shares during the period. eBay accounts for approximately 2.2% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its 15th biggest position. Marble Harbor Investment Counsel LLC’s holdings in eBay were worth $12,603,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in eBay by 247.4% during the 2nd quarter. Renaissance Technologies LLC now owns 11,685,728 shares of the e-commerce company’s stock worth $461,586,000 after purchasing an additional 8,322,388 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of eBay by 1,128.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 11,368,581 shares of the e-commerce company’s stock worth $449,059,000 after acquiring an additional 10,443,045 shares in the last quarter. Northern Trust Corp raised its position in shares of eBay by 0.5% in the 2nd quarter. Northern Trust Corp now owns 11,079,108 shares of the e-commerce company’s stock worth $437,625,000 after acquiring an additional 53,488 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of eBay by 1.5% in the 2nd quarter. Independent Franchise Partners LLP now owns 10,680,122 shares of the e-commerce company’s stock worth $421,864,000 after acquiring an additional 160,368 shares in the last quarter. Finally, Lindsell Train Ltd raised its position in shares of eBay by 0.4% in the 3rd quarter. Lindsell Train Ltd now owns 10,218,600 shares of the e-commerce company’s stock worth $398,321,000 after acquiring an additional 43,700 shares in the last quarter. 89.28% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on EBAY shares. Wells Fargo & Co lowered eBay from an “outperform” rating to a “market perform” rating and set a $45.00 price objective for the company. in a research report on Thursday, September 26th. Barclays lowered their price objective on eBay from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus reissued a “hold” rating and issued a $42.00 price objective on shares of eBay in a research report on Sunday, October 20th. UBS Group lowered their price objective on eBay from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Finally, Cowen set a $36.00 price objective on eBay and gave the stock a “hold” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $42.46.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. eBay had a return on equity of 44.15% and a net margin of 18.33%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts predict that eBay Inc will post 2.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, November 29th. eBay’s payout ratio is 24.14%.
In related news, CEO Devin Wenig sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total value of $398,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,022,419 shares of the company’s stock, valued at approximately $40,753,621.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.60% of the company’s stock.
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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