ABN Amro Investment Solutions lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 95.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,364 shares of the e-commerce company’s stock after purchasing an additional 22,129 shares during the period. ABN Amro Investment Solutions’ holdings in eBay were worth $4,129,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC lifted its position in eBay by 128.9% in the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 156 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of eBay in the first quarter worth $26,000. Abound Financial LLC purchased a new position in shares of eBay in the fourth quarter worth $26,000. High Point Wealth Management LLC bought a new stake in eBay during the 4th quarter valued at $26,000. Finally, Jessup Wealth Management Inc bought a new stake in eBay during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
eBay Price Performance
EBAY opened at $109.32 on Friday. The company’s 50-day simple moving average is $111.65 and its two-hundred day simple moving average is $100.13. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $48.54 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.44 and a beta of 1.37. eBay Inc. has a 52-week low of $77.12 and a 52-week high of $119.31.
eBay Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. eBay’s dividend payout ratio (DPR) is currently 28.12%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Cantor Fitzgerald raised their price target on eBay from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. UBS Group raised their target price on shares of eBay from $96.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. BMO Capital Markets lifted their target price on shares of eBay from $120.00 to $130.00 in a research note on Thursday, April 30th. Robert W. Baird increased their price target on shares of eBay from $117.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of eBay in a report on Friday, June 12th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $110.52.
Check Out Our Latest Research Report on eBay
Insider Activity at eBay
In related news, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the sale, the senior vice president owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $113.33, for a total transaction of $1,259,096.30. Following the transaction, the chief executive officer directly owned 275,431 shares of the company’s stock, valued at $31,214,595.23. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 76,012 shares of company stock valued at $8,747,852. 0.67% of the stock is owned by company insiders.
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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