Boston Partners Sells 609,101 Shares of eBay Inc. (NASDAQ:EBAY)

Boston Partners reduced its stake in eBay Inc. (NASDAQ:EBAY) by 23.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,004,840 shares of the e-commerce company’s stock after selling 609,101 shares during the period. Boston Partners owned 0.40% of eBay worth $105,812,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Dimensional Fund Advisors LP increased its position in shares of eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after acquiring an additional 1,141,288 shares in the last quarter. LSV Asset Management raised its holdings in shares of eBay by 1.5% in the 1st quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company’s stock worth $289,681,000 after acquiring an additional 83,493 shares during the last quarter. Harris Associates L P lifted its position in eBay by 0.7% in the 4th quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company’s stock valued at $199,660,000 after acquiring an additional 30,545 shares in the last quarter. Finally, Lyrical Asset Management LP boosted its stake in eBay by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company’s stock valued at $170,349,000 after purchasing an additional 65,132 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the transaction, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,488 shares of company stock worth $565,910. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. TD Cowen increased their price objective on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Susquehanna raised their price objective on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup upped their target price on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays raised their price target on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. started coverage on shares of eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $56.25.

eBay Stock Performance

NASDAQ:EBAY traded down $0.03 on Friday, reaching $56.20. 5,578,664 shares of the company’s stock were exchanged, compared to its average volume of 4,263,694. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.99. The stock has a fifty day simple moving average of $53.72 and a 200-day simple moving average of $50.24. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $57.68.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the firm earned $0.87 EPS. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that eBay Inc. will post 3.73 earnings per share for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s payout ratio is currently 21.51%.

About eBay

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.