Lombard Odier Asset Management Europe Ltd Boosts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Lombard Odier Asset Management Europe Ltd raised its holdings in shares of eBay Inc. (NASDAQ:EBAYGet Rating) by 46.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,556 shares of the e-commerce company’s stock after buying an additional 11,994 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in eBay were worth $2,150,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EBAY. Itau Unibanco Holding S.A. bought a new position in shares of eBay during the fourth quarter valued at about $29,000. Iron Horse Wealth Management LLC raised its stake in eBay by 84.6% in the first quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock worth $34,000 after buying an additional 275 shares in the last quarter. Ellevest Inc. raised its stake in eBay by 66.6% in the first quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock worth $35,000 after buying an additional 241 shares in the last quarter. Psagot Value Holdings Ltd. Israel bought a new position in eBay in the fourth quarter worth about $37,000. Finally, Hanson & Doremus Investment Management raised its stake in eBay by 62.8% in the first quarter. Hanson & Doremus Investment Management now owns 638 shares of the e-commerce company’s stock worth $37,000 after buying an additional 246 shares in the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Up 1.9 %

Shares of EBAY stock opened at $45.10 on Monday. eBay Inc. has a 12-month low of $40.52 and a 12-month high of $81.19. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The firm’s 50 day moving average is $45.89 and its 200 day moving average is $48.89. The stock has a market capitalization of $24.78 billion, a P/E ratio of 107.38, a P/E/G ratio of 1.84 and a beta of 1.23.

eBay (NASDAQ:EBAYGet Rating) last issued its earnings results on Wednesday, August 3rd. The e-commerce company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.09. eBay had a net margin of 3.60% and a return on equity of 24.42%. During the same period in the previous year, the company earned $0.82 EPS. Research analysts expect that eBay Inc. will post 3.25 earnings per share for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, September 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.95%. The ex-dividend date is Wednesday, August 31st. eBay’s dividend payout ratio is currently 209.53%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EBAY. Morgan Stanley increased their price target on shares of eBay from $36.00 to $37.00 and gave the stock an “underweight” rating in a research note on Thursday, August 4th. Cowen decreased their price target on shares of eBay to $52.00 in a research note on Tuesday, August 9th. JPMorgan Chase & Co. decreased their price target on shares of eBay from $54.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, June 29th. Mizuho decreased their price target on shares of eBay from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of eBay from $60.00 to $50.00 in a research note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $59.43.

About eBay

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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.

See Also

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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