Lindbrook Capital LLC Sells 953 Shares of eBay Inc. (NASDAQ:EBAY)

Lindbrook Capital LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 36.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,632 shares of the e-commerce company’s stock after selling 953 shares during the period. Lindbrook Capital LLC’s holdings in eBay were worth $71,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. CVA Family Office LLC bought a new stake in eBay in the fourth quarter valued at approximately $25,000. First Command Advisory Services Inc. bought a new stake in eBay in the third quarter valued at approximately $46,000. Cambridge Trust Co. raised its stake in eBay by 135.0% in the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock valued at $51,000 after buying an additional 675 shares during the period. NBC Securities Inc. bought a new position in shares of eBay during the third quarter worth approximately $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of eBay during the third quarter worth approximately $71,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Down 0.1 %

Shares of EBAY stock opened at $51.18 on Thursday. The stock’s fifty day moving average price is $49.76 and its two-hundred day moving average price is $44.43. The company has a market cap of $26.51 billion, a PE ratio of 9.80, a P/E/G ratio of 2.05 and a beta of 1.33. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44.

eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.51 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. Equities analysts predict that eBay Inc. will post 3.7 EPS for the current fiscal year.

eBay announced that its board has authorized a stock buyback plan on Tuesday, February 27th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, March 8th. This is an increase from eBay’s previous quarterly dividend of $0.25. eBay’s dividend payout ratio (DPR) is currently 20.69%.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the sale, the senior vice president now owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EBAY shares. Wells Fargo & Company increased their target price on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group increased their target price on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. BMO Capital Markets increased their target price on eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Finally, Mizuho increased their target price on eBay from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.21.

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.