Flagship Harbor Advisors LLC increased its stake in eBay Inc. (NASDAQ:EBAY – Get Rating) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,367 shares of the e-commerce company's stock after purchasing an additional 423 shares during the quarter. Flagship Harbor Advisors LLC's holdings in eBay were worth $349,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Norges Bank purchased a new stake in eBay in the fourth quarter worth approximately $240,751,000. Nordea Investment Management AB boosted its holdings in eBay by 34.3% in the first quarter. Nordea Investment Management AB now owns 13,435,649 shares of the e-commerce company's stock worth $783,433,000 after purchasing an additional 3,428,575 shares during the last quarter. Ninety One UK Ltd boosted its holdings in eBay by 105.4% in the first quarter. Ninety One UK Ltd now owns 5,274,224 shares of the e-commerce company's stock worth $302,002,000 after purchasing an additional 2,706,942 shares during the last quarter. Maj Invest Holding A S boosted its stake in shares of eBay by 44.9% during the 1st quarter. Maj Invest Holding A S now owns 6,926,387 shares of the e-commerce company's stock worth $396,604,000 after acquiring an additional 2,147,372 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of eBay by 43.1% during the 4th quarter. Nuveen Asset Management LLC now owns 5,730,780 shares of the e-commerce company's stock worth $381,096,000 after acquiring an additional 1,726,110 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company's stock.
Get eBay alerts:eBay Stock Performance
eBay stock opened at $38.19 on Friday. The company's 50-day moving average price is $45.50 and its 200-day moving average price is $48.04. eBay Inc. has a twelve month low of $37.50 and a twelve month high of $81.19. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.25. The company has a market cap of $20.98 billion, a PE ratio of 90.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23.
eBay (NASDAQ:EBAY – Get Rating) last posted its earnings results on Wednesday, August 3rd. The e-commerce company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.10. eBay had a net margin of 3.60% and a return on equity of 24.42%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm posted $0.82 EPS. On average, equities research analysts forecast that eBay Inc. will post 3.27 EPS for the current fiscal year.eBay Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.30%. eBay's dividend payout ratio is presently 209.53%.
Wall Street Analyst Weigh In
EBAY has been the topic of several analyst reports. JMP Securities initiated coverage on shares of eBay in a research note on Wednesday, June 1st. They set a "market perform" rating on the stock. Needham & Company LLC initiated coverage on shares of eBay in a research note on Monday, August 1st. They set a "hold" rating on the stock. The Goldman Sachs Group cut shares of eBay from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $52.00 to $42.00 in a research note on Thursday, June 9th. Mizuho dropped their price target on shares of eBay from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, August 4th. Finally, Stifel Nicolaus decreased their price objective on shares of eBay from $62.00 to $60.00 in a research report on Friday, July 15th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of "Hold" and an average price target 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.
Further Reading
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