eBay Inc. (NASDAQ:EBAY) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its stake in eBay Inc. (NASDAQ:EBAY) by 29.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 170,794 shares of the e-commerce company’s stock after selling 70,947 shares during the quarter. National Bank of Canada FI’s holdings in eBay were worth $7,493,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in shares of eBay by 39.8% in the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after purchasing an additional 3,534,030 shares in the last quarter. Nordea Investment Management AB increased its position in shares of eBay by 2.7% during the third quarter. Nordea Investment Management AB now owns 11,167,875 shares of the e-commerce company’s stock worth $495,407,000 after acquiring an additional 289,071 shares during the period. Invesco Ltd. raised its stake in shares of eBay by 16.0% in the third quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after acquiring an additional 1,130,089 shares in the last quarter. Northern Trust Corp boosted its holdings in eBay by 3.1% in the third quarter. Northern Trust Corp now owns 6,979,291 shares of the e-commerce company’s stock valued at $307,717,000 after purchasing an additional 209,695 shares during the period. Finally, Pacer Advisors Inc. grew its stake in eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after purchasing an additional 1,491,485 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EBAY shares. Mizuho increased their price target on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. 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 research note on Thursday, May 2nd. Finally, Benchmark restated a “buy” rating and issued a $58.00 price target on shares of eBay in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.45.

eBay Stock Performance

Shares of EBAY opened at $50.34 on Friday. The company’s 50 day simple moving average is $51.13 and its 200-day simple moving average is $45.05. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $52.93. The firm has a market cap of $25.47 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98.

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

eBay announced that its board has authorized a share repurchase program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.27 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.15%. eBay’s dividend payout ratio (DPR) is currently 21.51%.

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.