eBay Inc. (NASDAQ:EBAY) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,922,730 shares of the e-commerce company’s stock after selling 26,460 shares during the period. Yacktman Asset Management LP owned 0.56% of eBay worth $127,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC raised its stake in shares of eBay by 8.8% in the 3rd quarter. CWM LLC now owns 14,092 shares of the e-commerce company’s stock valued at $621,000 after acquiring an additional 1,145 shares during the period. Ritholtz Wealth Management lifted its stake in shares of eBay by 13.2% during the third quarter. Ritholtz Wealth Management now owns 12,242 shares of the e-commerce company’s stock worth $540,000 after purchasing an additional 1,430 shares in the last quarter. Caprock Group LLC boosted its position in shares of eBay by 8.8% in the third quarter. Caprock Group LLC now owns 8,403 shares of the e-commerce company’s stock worth $370,000 after buying an additional 678 shares during the period. Czech National Bank raised its holdings in shares of eBay by 46.9% during the 3rd quarter. Czech National Bank now owns 93,011 shares of the e-commerce company’s stock valued at $4,101,000 after buying an additional 29,708 shares during the period. Finally, Harrington Investments INC grew its position in eBay by 1.5% in the third quarter. Harrington Investments INC now owns 36,371 shares of the e-commerce company’s stock valued at $1,604,000 after acquiring an additional 532 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

Shares of eBay stock traded up $0.71 on Friday, hitting $52.05. The company had a trading volume of 3,131,525 shares, compared to its average volume of 6,345,635. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $52.93. The company has a market cap of $26.96 billion, a PE ratio of 9.84, a PEG ratio of 2.04 and a beta of 1.33. The business has a 50-day simple moving average of $49.93 and a 200-day simple moving average of $44.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44.

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

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 issued a $0.27 dividend. 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 dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, March 8th. eBay’s payout ratio is presently 20.69%.

eBay declared that its board has approved a share repurchase program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on EBAY. Susquehanna boosted their target price on shares of eBay from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Barclays boosted their target price on shares of eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group assumed coverage on eBay in a report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price objective for the company. UBS Group increased their target price on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.21.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction 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 transaction, the senior vice president now directly owns 31,888 shares in the company, valued at approximately $1,372,140.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

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.