Novem Group Takes Position in eBay Inc. (NASDAQ:EBAY)

Novem Group acquired a new stake in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 49,268 shares of the e-commerce company’s stock, valued at approximately $3,052,000.

Other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC boosted its stake in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after buying an additional 7,074 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after buying an additional 139,315 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after buying an additional 2,110 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of eBay in the fourth quarter worth about $8,644,000. Finally, TCW Group Inc. boosted its stake in shares of eBay by 45.8% in the fourth quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company’s stock worth $3,339,000 after buying an additional 16,919 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

NASDAQ:EBAY opened at $72.59 on Wednesday. eBay Inc. has a one year low of $51.13 and a one year high of $72.94. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $33.46 billion, a PE ratio of 18.24, a P/E/G ratio of 2.22 and a beta of 1.30. The stock has a 50 day moving average price of $66.80 and a 200 day moving average price of $65.65.

eBay (NASDAQ:EBAY) last posted its quarterly 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 during 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 revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. Equities research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm 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 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 1.60%. eBay’s dividend payout ratio (DPR) is 27.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EBAY. Daiwa America upgraded eBay from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 12th. Bank of America lowered their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Morgan Stanley increased their price target on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. Finally, Benchmark increased their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned 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 target price of $67.42.

Insiders Place Their Bets

In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction 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. This trade represents a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock valued at $12,943,715 over the last quarter. 0.64% of the stock is owned by insiders.

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.