Nisa Investment Advisors LLC grew its holdings in eBay Inc. (NASDAQ:EBAY – Get Rating ) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 319,483 shares of the e-commerce company’s stock after buying an additional 8,746 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of eBay worth $11,773,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nordea Investment Management AB boosted its holdings in shares of eBay by 0.7% in the second quarter. Nordea Investment Management AB now owns 13,523,599 shares of the e-commerce company’s stock valued at $556,632,000 after buying an additional 87,950 shares in the last quarter. Deutsche Bank AG boosted its stake in eBay by 9.4% in the second quarter. Deutsche Bank AG now owns 6,926,561 shares of the e-commerce company’s stock valued at $288,629,000 after buying an additional 597,447 shares during the period. Maj Invest Holding AS boosted its stake in eBay by 0.4% in the third quarter. Maj Invest Holding AS now owns 6,926,387 shares of the e-commerce company’s stock valued at $396,604,000 after buying an additional 27,314 shares during the period. Mirova US LLC boosted its stake in eBay by 6.6% during the second quarter. Mirova US LLC now owns 6,417,384 shares of the e-commerce company’s stock valued at $267,417,000 after buying an additional 394,840 shares during the period. Finally, Franklin Resources Inc. increased its stake in eBay by 33.4% in the second quarter. Franklin Resources Inc. now owns 6,350,663 shares of the e-commerce company’s stock valued at $264,634,000 after purchasing an additional 1,590,642 shares during the period. 85.51% of the shares are owned by hedge funds and other institutional investors.
eBay Stock Performance
Shares of NASDAQ EBAY opened at $49.00 on Monday. The company’s 50-day simple moving average is $44.09, and its 200-day simple moving average is $43.37. eBay Inc. has a 52-week low of $35.92 and a 52-week high of $60.65. The company has a current ratio of 1.33, a quick ratio of 1.33, and a debt-to-equity ratio of 1.36.
eBay (NASDAQ:EBAY – Get Rating ) last posted its quarterly earnings results on Wednesday, November 2nd. The e-commerce company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. The firm had revenue of $2.38 billion for the quarter, compared to analysts’ estimates of $2.31 billion. eBay had a net margin of 0.28% and a return on equity of 29.43%. Sell-side analysts predict that eBay Inc. will post 3.35 EPS for the current year.
eBay announces dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Thursday, December 1st were given a dividend of $0.22 per share. This represents an annualized dividend of $0.88 and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, November 30th. eBay’s dividend payout ratio (DPR) is currently -800.00%.
Insiders place their bets
In other news, CAO Brian J. Doerger sold 4,311 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $41.89, for a total value of $180,587.79. Following the sale, the chief accounting officer now directly owns 9,542 shares of the company’s stock, valued at approximately $399,714.38. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available via this hyperlink. 0.17% of shares are owned by insiders.
Changes in analyst ratings
Several research firms recently weighed in on EBAY. Bank of America cut their target price on eBay from $54.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, October 3rd. StockNews.com began coverage on eBay in a research report on Wednesday, October 12th. They assign a “hold” rating to the company. Credit Suisse Group decreased their target price on eBay from $56.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Citigroup assumed coverage on eBay in a research report on Tuesday, December 13th. They set a “neutral” rating and a $47.00 target price for the company. Finally, Cowen cut their target price on eBay from $52.00 to $45.00 in a report on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. eBay presently has a consensus rating of “Hold” and a consensus price target of $50.89, according to MarketBeat.com.
eBay Business Profile
eBay, Inc operates as a trading company. The company’s platforms include an online marketplace and its localized partners, including off-platform businesses in South Korea, Japan and Turkey, as well as eBay’s suite of mobile apps. The company’s technology and services are designed to provide buyers with choice and a wide range of relevant inventory and enable sellers worldwide to organize and offer their inventory for sale, virtually anytime, anywhere.
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