Heron Bay Capital Management increased its position in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,757 shares of the e-commerce company’s stock after acquiring an additional 2,661 shares during the period. Heron Bay Capital Management’s holdings in eBay were worth $1,358,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of EBAY. Eagle Bay Advisors LLC grew its holdings in eBay by 49.0% during the third quarter. Eagle Bay Advisors LLC now owns 736 shares of the e-commerce company’s stock worth $27,000 after acquiring an additional 242 shares during the period. Almanack Investment Partners LLC. acquired a new position in eBay during the third quarter worth about $28,000. Romano Brothers AND Company acquired a new position in eBay during the fourth quarter worth about $29,000. Guardian Wealth Advisors LLC acquired a new position in eBay during the third quarter worth about $40,000. Finally, General Partner Inc. acquired a new position in eBay during the fourth quarter worth about $48,000. 85.51% of the stock is owned by institutional investors and hedge funds.
eBay Stock Down 0.4 %
eBay stock traded down $0.19 during midday trading on Monday, reaching $44.18. The stock had a trading volume of 1,114,275 shares, compared to its average volume of 4,831,683. eBay Inc. has a 12 month low of $35.92 and a 12 month high of $58.37. The company has a market capitalization of $23.72 billion, a P/E ratio of -20.72, a PEG ratio of 1.44 and a beta of 1.37. The company has a fifty day moving average price of $46.06 and a two-hundred day moving average price of $43.25. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.50.
eBay (NASDAQ:EBAY – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The e-commerce company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. eBay had a positive return on equity of 34.14% and a negative net margin of 12.96%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $0.89 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities analysts expect that eBay Inc. will post 3.36 EPS for the current fiscal year.
eBay Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.26%. This is a positive change from eBay’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 9th. eBay’s dividend payout ratio is presently -46.95%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on EBAY shares. Citigroup assumed coverage on eBay in a research note on Tuesday, December 13th. They issued a “neutral” rating and a $47.00 price target on the stock. Credit Suisse Group boosted their price target on eBay from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Benchmark decreased their target price on eBay from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, February 23rd. Susquehanna upped their target price on eBay from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, February 27th. Finally, Morgan Stanley upped their target price on eBay from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 28th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.13.
eBay Company Profile
eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.