J.W. Cole Advisors Inc. bought a new stake in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,285 shares of the e-commerce company’s stock, valued at approximately $57,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in eBay during the fourth quarter valued at about $29,000. Iron Horse Wealth Management LLC raised its holdings in eBay by 84.6% during the first quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock valued at $34,000 after acquiring an additional 275 shares during the period. Ellevest Inc. raised its holdings in eBay by 66.6% during the first quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock valued at $35,000 after acquiring an additional 241 shares during the period. Hanson & Doremus Investment Management raised its holdings in eBay by 62.8% during the first quarter. Hanson & Doremus Investment Management now owns 638 shares of the e-commerce company’s stock valued at $37,000 after acquiring an additional 246 shares during the period. Finally, Oakworth Capital Inc. bought a new stake in eBay during the first quarter valued at about $48,000. 87.00% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have commented on EBAY. Stifel Nicolaus decreased their price target on eBay from $62.00 to $60.00 in a report on Friday, July 15th. JPMorgan Chase & Co. reduced their target price on eBay from $54.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, June 29th. Benchmark reduced their target price on eBay to $66.00 in a report on Tuesday, August 9th. Mizuho reduced their target price on eBay from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, August 4th. Finally, JMP Securities initiated coverage on eBay in a report on Wednesday, June 1st. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $59.43.
eBay Stock Down 1.6 %
eBay (NASDAQ:EBAY – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The e-commerce company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.37 billion. eBay had a return on equity of 24.42% and a net margin of 3.60%. During the same quarter in the previous year, the business earned $0.82 earnings per share. Sell-side analysts expect that eBay Inc. will post 3.27 earnings per share for the current year.
eBay Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.30%. eBay’s payout ratio is 209.53%.
eBay Company Profile
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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