Clifford Swan Investment Counsel LLC Has $8.13 Million Position in eBay Inc. (NASDAQ:EBAY)

Clifford Swan Investment Counsel LLC increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 186,338 shares of the e-commerce company’s stock after buying an additional 7,548 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in eBay were worth $8,128,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $25,000. First Command Advisory Services Inc. bought a new stake in shares of eBay during the 3rd quarter valued at $46,000. Cambridge Trust Co. grew its holdings in shares of eBay by 135.0% during the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock worth $51,000 after purchasing an additional 675 shares in the last quarter. NBC Securities Inc. bought a new position in shares of eBay in the third quarter worth $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of eBay in the third quarter worth $71,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 0.5 %

eBay stock traded up $0.26 during mid-day trading on Friday, hitting $49.65. 6,896,723 shares of the stock were exchanged, compared to its average volume of 5,298,042. The firm’s fifty day simple moving average is $50.81 and its two-hundred day simple moving average is $44.86. The company has a quick ratio of 2.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $52.93. The stock has a market capitalization of $25.14 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.98 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. Analysts forecast that eBay Inc. will post 3.75 EPS for the current year.

eBay announced that its Board of Directors has approved a share buyback plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, 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 document filed with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EBAY. BMO Capital Markets raised their target price on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Mizuho boosted their price objective on shares of eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday. Susquehanna raised their target price on eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Barclays lifted their price target on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Benchmark restated a “buy” rating and set a $58.00 price objective on shares of eBay in a research report on Thursday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.35.

eBay 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.