Campbell & CO Investment Adviser LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Campbell & CO Investment Adviser LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,042 shares of the e-commerce company’s stock, valued at approximately $801,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Business Financial Services Inc. increased its position in shares of eBay by 2.2% during the fourth quarter. First Business Financial Services Inc. now owns 19,987 shares of the e-commerce company’s stock worth $1,329,000 after purchasing an additional 434 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of eBay by 27.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165,232 shares of the e-commerce company’s stock worth $11,034,000 after purchasing an additional 35,828 shares in the last quarter. Rathbones Group PLC increased its position in shares of eBay by 3.1% during the fourth quarter. Rathbones Group PLC now owns 16,430 shares of the e-commerce company’s stock worth $1,093,000 after purchasing an additional 500 shares in the last quarter. Taylor Hoffman Wealth Management increased its position in shares of eBay by 1.8% during the fourth quarter. Taylor Hoffman Wealth Management now owns 67,655 shares of the e-commerce company’s stock worth $4,499,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of eBay by 20.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,971 shares of the e-commerce company’s stock worth $2,326,000 after purchasing an additional 5,908 shares in the last quarter. 88.99% of the stock is owned by institutional investors.

In related news, SVP Pete Thompson sold 49,523 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $54.45, for a total value of $2,696,527.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

EBAY has been the topic of several recent research reports. Robert W. Baird dropped their price target on eBay from $80.00 to $65.00 in a research report on Thursday, May 5th. Cowen dropped their price target on eBay from $68.00 to $64.00 in a research report on Friday, February 18th. The Goldman Sachs Group dropped their price target on eBay from $84.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 24th. Evercore ISI dropped their price target on eBay from $76.00 to $69.00 and set an “inline” rating on the stock in a research report on Thursday, February 24th. Finally, StockNews.com initiated coverage on eBay in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.76.

EBAY stock traded down $0.67 on Tuesday, reaching $48.59. The company had a trading volume of 288,610 shares, compared to its average volume of 7,181,505. eBay Inc. has a 1 year low of $47.03 and a 1 year high of $81.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.97 and a current ratio of 1.48. The company’s fifty day moving average is $54.51 and its 200 day moving average is $61.68. The company has a market cap of $27.56 billion, a P/E ratio of 2.85, a PEG ratio of 1.26 and a beta of 1.15.

eBay (NASDAQ:EBAY – Get Rating) last posted its earnings results on Wednesday, May 4th. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. eBay had a return on equity of 20.91% and a net margin of 113.26%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the company earned $0.94 EPS. eBay’s revenue was down 17.2% on a year-over-year basis. On average, sell-side analysts predict that eBay Inc. will post 3.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Wednesday, June 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, May 31st. eBay’s payout ratio is currently 5.16%.

About eBay (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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