Nissay Asset Management Corp Japan ADV Sells 4,007 Shares of eBay Inc. (NASDAQ:EBAY)

Nissay Asset Management Corp Japan ADV trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 60,097 shares of the e-commerce company’s stock after selling 4,007 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in eBay were worth $3,775,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased 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 worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP increased its position in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the period. Marshall Wace LLP increased its position in eBay by 304.2% in the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock worth $130,421,000 after purchasing an additional 1,584,404 shares during the period. Raymond James Financial Inc. acquired a new stake in eBay in the fourth quarter worth about $96,214,000. Finally, Boston Partners increased its position in eBay by 35.2% in 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 during the period. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Julie A. Loeger sold 127,070 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the sale, the senior vice president now owns 123,282 shares in the company, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,755 shares of company stock worth $12,943,715. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on EBAY. Daiwa America upgraded eBay from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 12th. Benchmark lifted their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. TD Securities lifted their price objective on eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. BMO Capital Markets lifted their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus lifted their price objective on eBay from $61.00 to $62.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.42.

eBay Trading Up 1.8%

NASDAQ EBAY opened at $71.84 on Friday. The stock has a market capitalization of $33.12 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.22 and a beta of 1.30. The stock’s 50 day moving average price is $66.49 and its two-hundred day moving average price is $65.43. 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 Inc. has a 52 week low of $51.02 and a 52 week high of $71.90.

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

eBay Announces Dividend

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

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.