Andra AP fonden Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Andra AP fonden boosted its stake in eBay Inc. (NASDAQ:EBAY) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 441,278 shares of the e-commerce company’s stock after acquiring an additional 39,600 shares during the quarter. Andra AP fonden owned about 0.09% of eBay worth $23,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quent Capital LLC boosted its stake in shares of eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after purchasing an additional 202 shares during the period. Checchi Capital Advisers LLC boosted its position in eBay by 3.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after buying an additional 219 shares during the last quarter. Banco Santander S.A. boosted its position in eBay by 2.1% in the 1st quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock valued at $609,000 after buying an additional 236 shares during the last quarter. Tempus Wealth Planning LLC grew its stake in shares of eBay by 3.1% during the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock valued at $451,000 after acquiring an additional 254 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of eBay by 41.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock worth $47,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 0.4 %

EBAY stock opened at $59.43 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm’s 50-day simple moving average is $55.82 and its 200 day simple moving average is $53.10. The stock has a market cap of $29.06 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $59.85.

eBay Announces Dividend

The firm 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 dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.82%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Transactions at eBay

In related news, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the sale, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the transaction, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Daiwa America raised eBay to a “hold” rating in a report on Wednesday, August 14th. Morgan Stanley increased their target price on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Robert W. Baird raised their price target on shares of eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Susquehanna upped their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. started coverage on shares of eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.90.

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.