Cresset Asset Management LLC Reduces Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Cresset Asset Management LLC cut its holdings in shares of eBay Inc. (NASDAQ:EBAYGet Rating) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,165 shares of the e-commerce company’s stock after selling 2,912 shares during the quarter. Cresset Asset Management LLC’s holdings in eBay were worth $3,387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in eBay by 18.3% during the 1st quarter. D.A. Davidson & CO. now owns 33,078 shares of the e-commerce company’s stock worth $1,894,000 after purchasing an additional 5,119 shares during the last quarter. Wedbush Securities Inc. increased its holdings in eBay by 27.1% during the 1st quarter. Wedbush Securities Inc. now owns 14,347 shares of the e-commerce company’s stock worth $821,000 after purchasing an additional 3,063 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in eBay during the 1st quarter worth approximately $381,000. MML Investors Services LLC increased its holdings in eBay by 1.0% during the 4th quarter. MML Investors Services LLC now owns 65,377 shares of the e-commerce company’s stock worth $4,348,000 after purchasing an additional 656 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in eBay by 23.4% during the 1st quarter. Private Advisor Group LLC now owns 81,883 shares of the e-commerce company’s stock worth $4,689,000 after purchasing an additional 15,521 shares during the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Up 1.9 %

Shares of eBay stock opened at $45.10 on Monday. eBay Inc. has a 1-year low of $40.52 and a 1-year high of $81.19. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.28 and a quick ratio of 1.28. The business’s fifty day moving average price is $45.89 and its two-hundred day moving average price is $48.89. The company has a market capitalization of $24.78 billion, a P/E ratio of 107.38, a PEG ratio of 1.84 and a beta of 1.23.

eBay (NASDAQ:EBAYGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The e-commerce company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. eBay had a return on equity of 24.42% and a net margin of 3.60%. During the same period in the prior year, the firm posted $0.82 EPS. As a group, research analysts forecast that eBay Inc. will post 3.25 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Thursday, September 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, August 31st. eBay’s dividend payout ratio is presently 209.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EBAY. The Goldman Sachs Group lowered eBay from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $52.00 to $42.00 in a research report on Thursday, June 9th. JMP Securities began coverage on eBay in a research report on Wednesday, June 1st. They issued a “market perform” rating for the company. Mizuho decreased their target price on eBay from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, August 4th. Barclays decreased their target price on eBay from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, August 4th. Finally, Needham & Company LLC began coverage on eBay in a research report on Monday, August 1st. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $59.43.

eBay Company Profile

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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