Pictet Asset Management SA Has $12.81 Million Stake in eBay Inc. (NASDAQ:EBAY)

Pictet Asset Management SA lowered its position in eBay Inc. (NASDAQ:EBAYGet Rating) by 27.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 307,456 shares of the e-commerce company’s stock after selling 117,917 shares during the period. Pictet Asset Management SA owned 0.06% of eBay worth $12,812,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of eBay by 2.1% in the 1st quarter. BlackRock Inc. now owns 46,538,155 shares of the e-commerce company’s stock worth $2,664,774,000 after purchasing an additional 942,074 shares during the period. Mirova US LLC lifted its position in shares of eBay by 6.6% in the 2nd quarter. Mirova US LLC now owns 6,417,384 shares of the e-commerce company’s stock worth $267,417,000 after purchasing an additional 394,840 shares during the period. Ninety One UK Ltd lifted its position in shares of eBay by 105.4% in the 1st quarter. Ninety One UK Ltd now owns 5,274,224 shares of the e-commerce company’s stock worth $302,002,000 after purchasing an additional 2,706,942 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of eBay by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,014,078 shares of the e-commerce company’s stock worth $287,202,000 after purchasing an additional 904,873 shares during the period. Finally, Harris Associates L P lifted its position in shares of eBay by 2.9% in the 1st quarter. Harris Associates L P now owns 4,871,088 shares of the e-commerce company’s stock worth $278,918,000 after purchasing an additional 137,796 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EBAY shares. Jefferies Financial Group dropped their target price on shares of eBay from $52.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, October 6th. Mizuho dropped their target price on shares of eBay from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, August 4th. Barclays dropped their target price on shares of eBay from $59.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, November 3rd. StockNews.com started coverage on shares of eBay in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Moffett Nathanson started coverage on shares of eBay in a research report on Tuesday. They set a “market perform” rating and a $44.00 target price on the stock. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $52.19.

Insider Activity at eBay

In related news, CAO Brian J. Doerger sold 9,542 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $44.12, for a total transaction of $420,993.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other eBay news, CAO Brian J. Doerger sold 4,311 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $41.89, for a total transaction of $180,587.79. Following the sale, the chief accounting officer now directly owns 9,542 shares of the company’s stock, valued at $399,714.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Brian J. Doerger sold 9,542 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $44.12, for a total transaction of $420,993.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,853 shares of company stock worth $1,601,581. 0.17% of the stock is owned by company insiders.

eBay Price Performance

EBAY opened at $45.49 on Thursday. The firm has a market cap of $24.69 billion, a P/E ratio of -413.55, a PEG ratio of 1.87 and a beta of 1.25. The firm has a 50-day moving average of $40.09 and a 200 day moving average of $43.89. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.33 and a current ratio of 1.33. eBay Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $76.41.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, December 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.88 annualized dividend and a yield of 1.93%. eBay’s payout ratio is currently -800.00%.

eBay 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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