International Assets Investment Management LLC Acquires Shares of 106,825 eBay Inc. (NASDAQ:EBAY)

International Assets Investment Management LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the fourth quarter, Holdings Channel.com reports. The fund bought 106,825 shares of the e-commerce company’s stock, valued at approximately $4,660,000.

A number of other large investors also recently modified their holdings of EBAY. CVA Family Office LLC acquired a new stake in shares of eBay in the 4th quarter worth about $25,000. First Command Advisory Services Inc. bought a new position in shares of eBay during the 3rd quarter valued at approximately $46,000. NBC Securities Inc. bought a new stake in shares of eBay in the 3rd quarter worth approximately $55,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in eBay in the third quarter valued at approximately $71,000. Finally, China Universal Asset Management Co. Ltd. lifted its position in shares of eBay by 228.9% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,983 shares of the e-commerce company’s stock valued at $87,000 after buying an additional 1,380 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Down 0.8 %

Shares of eBay stock opened at $49.69 on Thursday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.93. The firm has a market cap of $25.14 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.93 and a beta of 1.31. The company has a 50-day moving average of $51.03 and a 200 day moving average of $44.98. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. As a group, sell-side analysts anticipate that eBay Inc. will post 3.75 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.17%. eBay’s dividend payout ratio is presently 21.51%.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on EBAY shares. Wells Fargo & Company increased their target price on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Robert W. Baird raised their target price on eBay from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Barclays upped their price target on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Benchmark restated a “buy” rating and issued a $58.00 price objective on shares of eBay in a research report on Thursday, May 2nd. Finally, TD Cowen upped their target price on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $51.45.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at approximately $1,372,140.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

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.