Elo Mutual Pension Insurance Co Raises Position in eBay Inc. (NASDAQ:EBAY)

Elo Mutual Pension Insurance Co raised its holdings in shares of eBay Inc. (NASDAQ:EBAYGet Rating) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,406 shares of the e-commerce company’s stock after acquiring an additional 1,326 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in eBay were worth $3,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay during the 3rd quarter valued at $28,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of eBay by 176.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 396 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 253 shares in the last quarter. Bellevue Asset Management LLC purchased a new position in shares of eBay during the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC purchased a new position in shares of eBay during the 4th quarter valued at $27,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of eBay during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 82.95% of the company’s stock.

NASDAQ:EBAY traded down $1.85 during mid-day trading on Friday, hitting $51.92. 8,341,284 shares of the stock traded hands, compared to its average volume of 4,794,817. The stock has a market capitalization of $29.45 billion, a price-to-earnings ratio of 2.56, a PEG ratio of 1.34 and a beta of 1.16. eBay Inc. has a 52 week low of $49.53 and a 52 week high of $81.19. The firm’s 50 day moving average is $54.94 and its two-hundred day moving average is $62.81. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.79.

eBay (NASDAQ:EBAYGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The e-commerce company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. eBay had a net margin of 125.94% and a return on equity of 24.01%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. As a group, research analysts predict that eBay Inc. will post 3.57 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Thursday, March 10th were issued a $0.22 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.69%. eBay’s payout ratio is presently 4.35%.

Several brokerages have commented on EBAY. Evercore ISI decreased their price target on shares of eBay from $76.00 to $69.00 and set an “inline” rating on the stock in a research note on Thursday, February 24th. Susquehanna decreased their price target on shares of eBay from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, February 25th. StockNews.com began coverage on shares of eBay in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. The Goldman Sachs Group decreased their price target on shares of eBay from $84.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 24th. Finally, Argus decreased their price target on shares of eBay from $88.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, March 22nd. Fourteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $69.88.

In other eBay news, SVP Pete Thompson sold 49,523 shares of eBay stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $54.45, for a total transaction of $2,696,527.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

eBay Company Profile (Get Rating)

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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