Eagle Bay Advisors LLC Boosts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Eagle Bay Advisors LLC lifted its position in eBay Inc. (NASDAQ:EBAY – Get Rating) by 49.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 736 shares of the e-commerce company’s stock after buying an additional 242 shares during the period. Eagle Bay Advisors LLC’s holdings in eBay were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EBAY. American Century Companies Inc. grew its position in shares of eBay by 9.5% in the 1st quarter. American Century Companies Inc. now owns 41,990 shares of the e-commerce company’s stock worth $2,404,000 after buying an additional 3,655 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of eBay by 21.7% in the 1st quarter. Raymond James Trust N.A. now owns 9,176 shares of the e-commerce company’s stock worth $526,000 after buying an additional 1,638 shares during the last quarter. Sei Investments Co. grew its position in shares of eBay by 34.7% in the 1st quarter. Sei Investments Co. now owns 461,862 shares of the e-commerce company’s stock worth $26,460,000 after buying an additional 118,952 shares during the last quarter. Aviva PLC grew its position in shares of eBay by 6.2% in the 1st quarter. Aviva PLC now owns 223,976 shares of the e-commerce company’s stock worth $12,825,000 after buying an additional 13,127 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of eBay by 17.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 10,715 shares of the e-commerce company’s stock worth $614,000 after buying an additional 1,555 shares during the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EBAY shares. Benchmark lowered their target price on shares of eBay from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. Cowen lowered their target price on shares of eBay from $48.00 to $46.00 in a research note on Thursday, February 23rd. Citigroup started coverage on shares of eBay in a research note on Tuesday, December 13th. They issued a “neutral” rating and a $47.00 target price for the company. StockNews.com started coverage on shares of eBay in a research note on Thursday. They issued a “hold” rating for the company. Finally, UBS Group lifted their target price on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, February 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $49.92.

eBay Stock Performance

EBAY opened at $41.45 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a fifty day moving average price of $46.66 and a 200 day moving average price of $43.34. eBay Inc. has a 1 year low of $35.92 and a 1 year high of $60.38. The stock has a market cap of $22.25 billion, a P/E ratio of -19.46, a P/E/G ratio of 1.34 and a beta of 1.37.

eBay (NASDAQ:EBAY – Get Rating) last posted its earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. eBay had a negative net margin of 12.96% and a positive return on equity of 34.14%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the business posted $0.89 EPS. The business’s revenue was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that eBay Inc. will post 3.36 earnings per share for the current year.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, March 9th. This is a positive change from eBay’s previous quarterly dividend of $0.22. eBay’s payout ratio is presently -46.95%.

eBay Company Profile

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eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.