eBay Inc (EBAY) Holdings Lowered by Everence Capital Management Inc.
Everence Capital Management Inc. cut its position in eBay Inc (NASDAQ:EBAY) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,716 shares of the e-commerce company’s stock after selling 757 shares during the period. Everence Capital Management Inc.’s holdings in eBay were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of eBay by 34.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 270,862 shares of the e-commerce company’s stock valued at $7,603,000 after buying an additional 69,226 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of eBay by 760.6% in the 4th quarter. DNB Asset Management AS now owns 2,196,053 shares of the e-commerce company’s stock valued at $61,643,000 after buying an additional 1,940,887 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of eBay in the 4th quarter valued at $42,000. Semmax Financial Advisors Inc. acquired a new position in shares of eBay in the 4th quarter valued at $124,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of eBay by 5.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 401,589 shares of the e-commerce company’s stock valued at $11,273,000 after buying an additional 19,015 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on EBAY. Benchmark restated a “buy” rating and issued a $42.00 target price on shares of eBay in a report on Tuesday, April 16th. BidaskClub cut shares of eBay from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Robert W. Baird upped their target price on shares of eBay from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upped their target price on shares of eBay from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, ValuEngine cut shares of eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.12.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, April 23rd. The e-commerce company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.58 billion. eBay had a net margin of 24.43% and a return on equity of 31.26%. eBay’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, research analysts expect that eBay Inc will post 2.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Saturday, June 1st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.52%. eBay’s payout ratio is currently 24.14%.
In other eBay news, SVP Kristin A. Yetto sold 27,512 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $38.34, for a total transaction of $1,054,810.08. Following the completion of the transaction, the senior vice president now owns 98,856 shares in the company, valued at approximately $3,790,139.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the transaction, the chief financial officer now owns 273,283 shares of the company’s stock, valued at approximately $10,521,395.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,043 shares of company stock valued at $5,837,431. 6.22% of the stock is owned by insiders.
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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