Aquatic Capital Management LLC purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 101,000 shares of the e-commerce company’s stock, valued at approximately $9,186,000.
Other hedge funds have also modified their holdings of the company. Financial Consulate Inc. bought a new stake in shares of eBay during the 3rd quarter valued at $27,000. Steigerwald Gordon & Koch Inc. bought a new position in eBay in the 3rd quarter worth $28,000. Sumitomo Mitsui Financial Group Inc. increased its stake in eBay by 155.3% in the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after buying an additional 250 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in eBay in the 3rd quarter worth $32,000. Finally, Cloud Capital Management LLC bought a new stake in eBay during the third quarter valued at about $40,000. 87.48% of the stock is currently owned by institutional investors.
eBay Trading Up 1.5%
Shares of EBAY stock opened at $91.34 on Monday. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. The stock’s 50-day moving average price is $89.74 and its 200-day moving average price is $88.45. The stock has a market capitalization of $40.92 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38.
eBay Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, March 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from eBay’s previous quarterly dividend of $0.29. eBay’s dividend payout ratio is currently 28.51%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on eBay from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. UBS Group set a $96.00 target price on eBay in a research note on Thursday, February 19th. Barclays lowered their price target on eBay from $105.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research note on Monday, December 29th. Finally, Stifel Nicolaus upped their price target on eBay from $88.00 to $94.00 and gave the stock a “hold” rating in a research note on Thursday, February 19th. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.97.
View Our Latest Analysis on EBAY
Insider Activity at eBay
In related news, SVP Mazen Rawashdeh sold 1,920 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the transaction, the senior vice president directly owned 5,746 shares of the company’s stock, valued at approximately $470,597.40. This trade represents a 25.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the completion of the sale, the senior vice president owned 4,733 shares in the company, valued at $435,388.67. This represents a 87.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 41,697 shares of company stock valued at $3,760,124. 0.64% of the stock is owned by corporate insiders.
eBay Company Profile
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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