Greenline Partners LLC Acquires New Holdings in eBay Inc. (NASDAQ:EBAY)

Greenline Partners LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,595 shares of the e-commerce company’s stock, valued at approximately $718,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. raised its position in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP lifted its stake in eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Marshall Wace LLP boosted its holdings in eBay by 304.2% during the 4th 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 period. Raymond James Financial Inc. acquired a new position in eBay in the 4th quarter valued at about $96,214,000. Finally, Boston Partners lifted its position in shares of eBay by 35.2% during the fourth 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 owned by hedge funds and other institutional investors.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. This trade represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,685 shares of company stock valued at $4,121,245. 0.38% of the stock is owned by insiders.

eBay Stock Performance

Shares of EBAY opened at $69.51 on Friday. The company has a 50-day moving average of $66.25 and a two-hundred day moving average of $65.19. The stock has a market cap of $32.04 billion, a P/E ratio of 17.46, a PEG ratio of 2.22 and a beta of 1.30. eBay Inc. has a 12-month low of $50.43 and a 12-month high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

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

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, May 30th. eBay’s payout ratio is 27.62%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EBAY. JPMorgan Chase & Co. upped their target price on shares of eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. UBS Group upped their price target on eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. Needham & Company LLC boosted their price objective on eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Bank of America decreased their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Finally, Robert W. Baird raised their price objective on shares of eBay from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.32.

About eBay

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.