Gabelli Funds LLC lessened its position in shares of eBay Inc (NASDAQ:EBAY) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,000 shares of the e-commerce company’s stock after selling 40,000 shares during the quarter. Gabelli Funds LLC’s holdings in eBay were worth $5,652,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Covington Capital Management boosted its position in eBay by 1.3% during the second quarter. Covington Capital Management now owns 22,733 shares of the e-commerce company’s stock worth $898,000 after purchasing an additional 293 shares in the last quarter. Greenleaf Trust boosted its position in eBay by 2.8% during the second quarter. Greenleaf Trust now owns 11,171 shares of the e-commerce company’s stock worth $441,000 after purchasing an additional 299 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in eBay by 2.2% during the second quarter. Hillsdale Investment Management Inc. now owns 13,730 shares of the e-commerce company’s stock worth $542,000 after purchasing an additional 300 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in eBay by 1.1% during the third quarter. Wetherby Asset Management Inc. now owns 30,165 shares of the e-commerce company’s stock worth $1,176,000 after purchasing an additional 316 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in eBay by 2.6% during the third quarter. Synovus Financial Corp now owns 12,889 shares of the e-commerce company’s stock worth $503,000 after purchasing an additional 332 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.
Shares of eBay stock opened at $35.52 on Monday. The firm has a market capitalization of $29.16 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.52 and a beta of 1.38. eBay Inc has a fifty-two week low of $26.01 and a fifty-two week high of $42.00. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day moving average of $36.34 and a 200 day moving average of $38.47.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. eBay had a return on equity of 41.12% and a net margin of 18.33%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the business posted $0.56 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts forecast that eBay Inc will post 2.28 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.58%. eBay’s dividend payout ratio is currently 31.64%.
In other eBay news, SVP Wendy Elizabeth Jones sold 7,878 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total value of $281,480.94. Following the sale, the senior vice president now directly owns 39,000 shares in the company, valued at $1,393,470. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Devin Wenig sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $39.86, for a total value of $398,600.00. Following the completion of the sale, the chief executive officer now owns 1,022,419 shares in the company, valued at $40,753,621.34. The disclosure for this sale can be found here. Company insiders own 6.22% of the company’s stock.
EBAY has been the topic of a number of recent analyst reports. Macquarie set a $44.00 price target on eBay and gave the stock a “hold” rating in a research report on Thursday, September 26th. Benchmark reduced their target price on eBay from $50.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Citigroup increased their target price on eBay from $40.00 to $48.00 and gave the company a “buy” rating in a report on Monday, September 9th. Morgan Stanley reduced their target price on eBay from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Finally, Wells Fargo & Co cut eBay from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.62.
eBay Company Profile
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.
Featured Article: Percentage Decliners
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.