Gateway Investment Advisers LLC increased its holdings in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,824 shares of the e-commerce company's stock after buying an additional 1,046 shares during the quarter. Gateway Investment Advisers LLC's holdings in eBay were worth $451,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Flagship Harbor Advisors LLC lifted its position in shares of eBay by 2.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 7,944 shares of the e-commerce company's stock worth $455,000 after buying an additional 193 shares during the last quarter. Buttonwood Financial Advisors Inc. lifted its position in shares of eBay by 1.0% during the 1st quarter. Buttonwood Financial Advisors Inc. now owns 20,704 shares of the e-commerce company's stock worth $1,186,000 after buying an additional 196 shares during the last quarter. Csenge Advisory Group lifted its position in shares of eBay by 5.7% during the 1st quarter. Csenge Advisory Group now owns 3,825 shares of the e-commerce company's stock worth $219,000 after buying an additional 205 shares during the last quarter. Ellevest Inc. lifted its position in shares of eBay by 66.6% during the 1st quarter. Ellevest Inc. now owns 603 shares of the e-commerce company's stock worth $35,000 after buying an additional 241 shares during the last quarter. Finally, Hanson & Doremus Investment Management lifted its position in shares of eBay by 62.8% during the 1st quarter. Hanson & Doremus Investment Management now owns 638 shares of the e-commerce company's stock worth $37,000 after buying an additional 246 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors.
Get eBay alerts:eBay Stock Down 0.3 %
Shares of NASDAQ:EBAY opened at $38.19 on Friday. The business's 50 day simple moving average is $45.50 and its two-hundred day simple moving average is $48.04. The firm has a market cap of $20.98 billion, a P/E ratio of 90.93, a PEG ratio of 1.57 and a beta of 1.23. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.28. eBay Inc. has a 52-week low of $37.50 and a 52-week high of $81.19.
eBay (NASDAQ:EBAY – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The e-commerce company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.10. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.37 billion. eBay had a return on equity of 24.42% and a net margin of 3.60%. During the same quarter in the prior year, the company earned $0.82 earnings per share. As a group, research analysts forecast that eBay Inc. will post 3.27 EPS for the current fiscal year.eBay Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were issued a $0.22 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.88 annualized dividend and a yield of 2.30%. eBay's payout ratio is currently 209.53%.
Analysts Set New Price Targets
A number of brokerages have issued reports on EBAY. Atlantic Securities lowered their target price on eBay to $50.00 in a report on Tuesday, August 9th. Morgan Stanley upped their target price on eBay from $36.00 to $37.00 and gave the stock an "underweight" rating in a report on Thursday, August 4th. Cowen lowered their target price on eBay to $52.00 in a report on Tuesday, August 9th. Stifel Nicolaus lowered their target price on eBay from $62.00 to $60.00 in a report on Friday, July 15th. Finally, Robert W. Baird upped their target price on eBay from $54.00 to $60.00 in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, eBay presently has an average rating of "Hold" and an average target price of $59.43.
eBay Company Profile
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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.
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