Colonial Trust Co SC Boosts Holdings in eBay Inc. (NASDAQ:EBAY)
by Scott Moore · The Cerbat GemColonial Trust Co SC raised its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 48.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 675 shares of the e-commerce company’s stock after purchasing an additional 219 shares during the period. Colonial Trust Co SC’s holdings in eBay were worth $42,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of EBAY. Ameriprise Financial Inc. lifted its stake in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP lifted its position in shares of eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock valued at $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock valued at $130,421,000 after acquiring an additional 1,584,404 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of eBay during the fourth quarter valued at $96,214,000. Finally, Boston Partners increased its position in eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock worth $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.
eBay Trading Down 1.5 %
EBAY opened at $69.51 on Friday. The firm’s 50 day moving average is $66.25 and its 200-day moving average is $65.19. eBay Inc. has a 52-week low of $50.43 and a 52-week high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $32.04 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.22 and a beta of 1.30.
eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. Analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.
eBay Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.67%. eBay’s dividend payout ratio (DPR) is presently 27.62%.
Wall Street Analysts Forecast Growth
EBAY has been the topic of several analyst reports. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. Wells Fargo & Company raised their target price on shares of eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Stifel Nicolaus boosted their price target on eBay from $61.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 1st. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Thursday, May 1st. Finally, Sanford C. Bernstein downgraded eBay from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $67.32.
Read Our Latest Stock Analysis on EBAY
Insiders Place Their Bets
In other news, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,685 shares of company stock worth $4,121,245 in the last three months. 0.38% of the stock is owned by insiders.
eBay Profile
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.
Read More
- Five stocks we like better than eBay
- What Are Dividend Challengers?
- Google Is Betting Big on Nuclear Reactors—Should You?
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Taiwan Semiconductor Has a New Reason to Rally on Chip Curbs
- Golden Cross Stocks: Pattern, Examples and Charts
- Why Nearly 20 Analysts Raised Meta Price Targets Post-Earnings
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).