eBay Inc. (NASDAQ:EBAY) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH decreased its stake in eBay Inc. (NASDAQ:EBAY) by 60.0% during the 4th quarter, HoldingsChannel reports. The firm owned 6,262 shares of the e-commerce company’s stock after selling 9,375 shares during the period. Siemens Fonds Invest GmbH’s holdings in eBay were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in eBay in the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the 4th quarter worth about $33,000. Transce3nd LLC bought a new stake in eBay in the 4th quarter valued at about $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the 4th quarter valued at about $36,000. Finally, Lee Danner & Bass Inc. acquired a new position in eBay during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EBAY. Daiwa America raised eBay from a “hold” rating to a “strong-buy” rating in a report on Monday, May 12th. BMO Capital Markets raised their target price on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Barclays lifted their target price on eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Susquehanna increased their price target on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Finally, Robert W. Baird lifted their price objective on shares of eBay from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $67.42.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 10,000 shares of eBay stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $69.83, for a total transaction of $698,300.00. Following the transaction, the chief executive officer now directly owns 570,754 shares in the company, valued at approximately $39,855,751.82. The trade was a 1.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the sale, the senior vice president now owns 123,282 shares of the company’s stock, valued at $8,559,469.26. The trade was a 50.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,755 shares of company stock valued at $12,943,715. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Up 1.8%

eBay stock opened at $71.84 on Friday. The firm has a market cap of $33.12 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. eBay Inc. has a 1 year low of $51.02 and a 1 year high of $71.90. The firm’s 50 day moving average price is $66.49 and its two-hundred day moving average price is $65.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.61%. eBay’s payout ratio is presently 27.62%.

eBay Company 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.