DAVENPORT & Co LLC lifted its stake in eBay Inc. (NASDAQ:EBAY – Get Rating) by 8.9% in the 4th quarter, Holdings Channel reports. The firm owned 14,508 shares of the e-commerce company’s stock after purchasing an additional 1,188 shares during the quarter. DAVENPORT & Co LLC’s holdings in eBay were worth $965,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of eBay by 1.9% in the third quarter. Geode Capital Management LLC now owns 10,678,684 shares of the e-commerce company’s stock valued at $742,151,000 after purchasing an additional 204,230 shares during the period. Capital World Investors acquired a new stake in shares of eBay in the third quarter valued at about $457,861,000. UBS Asset Management Americas Inc. lifted its stake in shares of eBay by 4.0% in the third quarter. UBS Asset Management Americas Inc. now owns 4,837,932 shares of the e-commerce company’s stock valued at $337,059,000 after purchasing an additional 184,797 shares during the period. Morgan Stanley increased its holdings in eBay by 40.7% during the 3rd quarter. Morgan Stanley now owns 4,200,794 shares of the e-commerce company’s stock valued at $292,670,000 after acquiring an additional 1,214,405 shares in the last quarter. Finally, FIL Ltd increased its holdings in eBay by 0.9% during the 3rd quarter. FIL Ltd now owns 3,947,433 shares of the e-commerce company’s stock valued at $275,017,000 after acquiring an additional 36,825 shares in the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.
Shares of NASDAQ EBAY traded down $0.42 during trading on Thursday, reaching $46.16. 8,915,849 shares of the stock were exchanged, compared to its average volume of 7,204,515. The business’s 50-day moving average price is $54.22 and its 200 day moving average price is $61.48. eBay Inc. has a twelve month low of $45.19 and a twelve month high of $81.19. The company has a quick ratio of 1.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of 2.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Wednesday, June 1st will be issued a $0.22 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $0.88 annualized dividend and a yield of 1.91%. eBay’s dividend payout ratio is presently 5.16%.
In related news, SVP Pete Thompson sold 49,523 shares of the company’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $54.45, for a total value of $2,696,527.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.
Several research firms have weighed in on EBAY. Susquehanna dropped their target price on shares of eBay from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, February 25th. TheStreet downgraded shares of eBay from a “b” rating to a “c” rating in a report on Wednesday, February 23rd. Robert W. Baird dropped their target price on shares of eBay from $80.00 to $65.00 in a report on Thursday, May 5th. Cowen lowered their price target on shares of eBay from $68.00 to $64.00 in a report on Friday, February 18th. Finally, Argus lowered their price target on shares of eBay from $88.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.76.
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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