First Trust Advisors LP Has $123.29 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

First Trust Advisors LP lowered its stake in eBay Inc. (NASDAQ:EBAYFree Report) by 16.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,826,547 shares of the e-commerce company’s stock after selling 566,893 shares during the quarter. First Trust Advisors LP owned about 0.54% of eBay worth $123,294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EBAY. Ameriprise Financial Inc. boosted its position in shares of eBay by 39.8% during the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after purchasing an additional 3,534,030 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in eBay by 34.3% during the fourth quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after acquiring an additional 1,491,485 shares in the last quarter. Norges Bank acquired a new position in eBay in the fourth quarter valued at about $53,019,000. Dimensional Fund Advisors LP increased its holdings in shares of eBay by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after acquiring an additional 1,141,288 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of eBay by 16.0% during the third quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock worth $360,749,000 after purchasing an additional 1,130,089 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

eBay Price Performance

NASDAQ EBAY traded down $0.49 during trading on Wednesday, hitting $53.26. 487,370 shares of the company’s stock were exchanged, compared to its average volume of 6,126,034. The stock’s 50 day moving average price is $51.74 and its two-hundred day moving average price is $46.78. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $55.15. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a market cap of $26.74 billion, a PE ratio of 10.71, a P/E/G ratio of 2.47 and a beta of 1.32.

eBay (NASDAQ:EBAYGet Free Report) last issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. Research analysts expect that eBay Inc. will post 3.72 EPS for the current year.

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

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.08 annualized dividend and a yield of 2.03%. eBay’s dividend payout ratio is presently 21.51%.

Analyst Ratings Changes

A number of research analysts have weighed in on EBAY shares. UBS Group lifted their price target on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. TD Cowen boosted 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Jefferies Financial Group raised their target price on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Robert W. Baird boosted their price target on eBay from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.05.

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eBay Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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