Signaturefd LLC Sells 2,180 Shares of eBay Inc. (NASDAQ:EBAY)

Signaturefd LLC decreased its stake in eBay Inc. (NASDAQ:EBAY) by 28.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,589 shares of the e-commerce company’s stock after selling 2,180 shares during the quarter. Signaturefd LLC’s holdings in eBay were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. boosted its stake in eBay by 39.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after acquiring an additional 3,534,030 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of eBay by 2.7% during the third quarter. Nordea Investment Management AB now owns 11,167,875 shares of the e-commerce company’s stock worth $495,407,000 after purchasing an additional 289,071 shares in the last quarter. Invesco Ltd. grew its holdings in shares of eBay by 16.0% in the 3rd quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after buying an additional 1,130,089 shares during the period. Northern Trust Corp increased its position in shares of eBay by 3.1% in the 3rd quarter. Northern Trust Corp now owns 6,979,291 shares of the e-commerce company’s stock valued at $307,717,000 after buying an additional 209,695 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after buying an additional 1,491,485 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 1.3 %

Shares of eBay stock opened at $52.02 on Friday. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $52.93. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $50.11 and its 200-day moving average is $44.54. The stock has a market cap of $26.95 billion, a P/E ratio of 9.97, a P/E/G ratio of 2.04 and a beta of 1.33.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 earnings per share. Equities research analysts predict that eBay Inc. will post 3.75 earnings per share for the current fiscal year.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.08%. eBay’s payout ratio is presently 20.69%.

eBay declared that its board has authorized a stock buyback plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on eBay in a research note on Wednesday, January 10th. They issued a “sell” rating and a $38.00 target price for the company. Morgan Stanley raised eBay from an “underweight” rating to an “overweight” rating in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. BMO Capital Markets increased their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company raised their price objective on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average price target of $49.21.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.