Comerica Bank trimmed its position in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,417 shares of the e-commerce company’s stock after selling 2,539 shares during the quarter. Comerica Bank’s holdings in eBay were worth $4,077,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in shares of eBay by 33.4% during the second quarter. Franklin Resources Inc. now owns 6,350,663 shares of the e-commerce company’s stock worth $264,634,000 after buying an additional 1,590,642 shares in the last quarter. Renaissance Technologies LLC raised its holdings in eBay by 142.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,933,140 shares of the e-commerce company’s stock valued at $80,554,000 after acquiring an additional 1,135,850 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in eBay by 31.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,762,470 shares of the e-commerce company’s stock worth $115,112,000 after purchasing an additional 667,181 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of eBay by 9.4% during the 2nd quarter. Deutsche Bank AG now owns 6,926,561 shares of the e-commerce company’s stock worth $288,629,000 after purchasing an additional 597,447 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of eBay by 28.4% in the first quarter. Prudential Financial Inc. now owns 2,557,330 shares of the e-commerce company’s stock valued at $146,433,000 after purchasing an additional 565,378 shares in the last quarter. 85.51% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
EBAY has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on eBay from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, November 3rd. StockNews.com initiated coverage on shares of eBay in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group reduced their target price on shares of eBay from $56.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Bank of America dropped their price target on shares of eBay from $54.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, October 3rd. Finally, Citigroup initiated coverage on eBay in a report on Tuesday, December 13th. They issued a “neutral” rating and a $47.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.96.
Insider Activity
In related news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the director now owns 155,248 shares in the company, valued at $6,209,920. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Brian J. Doerger sold 9,542 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $44.12, for a total value of $420,993.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $40.00, for a total value of $1,000,000.00. Following the transaction, the director now owns 155,248 shares in the company, valued at approximately $6,209,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,853 shares of company stock worth $1,601,581. 0.17% of the stock is currently owned by insiders.
eBay Stock Performance
Shares of eBay stock opened at $46.26 on Friday. The business has a 50-day simple moving average of $43.49 and a 200-day simple moving average of $43.07. The company has a market cap of $25.10 billion, a PE ratio of -420.55, a P/E/G ratio of 1.81 and a beta of 1.29. eBay Inc. has a one year low of $35.92 and a one year high of $63.84. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.33 and a current ratio of 1.33.
eBay (NASDAQ:EBAY – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The e-commerce company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.31 billion. eBay had a net margin of 0.28% and a return on equity of 29.43%. On average, equities research analysts forecast that eBay Inc. will post 3.36 EPS for the current fiscal year.
eBay Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Thursday, December 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.90%. eBay’s dividend payout ratio is currently -800.00%.
eBay Profile
eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company’s Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.