Alaska Permanent Fund Corp Buys Shares of 10,243 eBay Inc. (NASDAQ:EBAY)

Alaska Permanent Fund Corp bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,243 shares of the e-commerce company’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC bought a new position in eBay in the 4th quarter worth about $25,000. First Command Advisory Services Inc. purchased a new position in eBay during the 3rd quarter worth $46,000. Cambridge Trust Co. raised its position in eBay by 135.0% during the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock valued at $51,000 after purchasing an additional 675 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of eBay in the 3rd quarter worth $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of eBay during the 3rd quarter worth $71,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Performance

EBAY opened at $52.02 on Friday. The company has a market cap of $26.95 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 2.04 and a beta of 1.33. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average price is $50.11 and its 200-day moving average price is $44.54. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the firm earned $0.87 EPS. eBay’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that eBay Inc. will post 3.75 EPS for the current fiscal year.

eBay declared that its board has authorized a stock repurchase program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.08%. eBay’s payout ratio is currently 20.69%.

Insider Transactions at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the sale, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. BMO Capital Markets lifted their price objective on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. UBS Group upped their price target on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company increased their target price on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $49.21.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.