Asahi Life Asset Management CO. LTD. Makes New $342,000 Investment in eBay Inc. (NASDAQ:EBAY)

Asahi Life Asset Management CO. LTD. bought a new stake in eBay Inc. (NASDAQ:EBAYFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,830 shares of the e-commerce company’s stock, valued at approximately $342,000.

Other hedge funds have also modified their holdings of the company. GHE LLC grew its position in eBay by 1.5% in the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock valued at $762,000 after acquiring an additional 260 shares in the last quarter. Savant Capital LLC grew its holdings in eBay by 2.3% during the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after purchasing an additional 262 shares in the last quarter. Affinity Investment Advisors LLC grew its holdings in eBay by 3.0% during the 4th quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock valued at $414,000 after purchasing an additional 275 shares in the last quarter. Quent Capital LLC increased its stake in eBay by 10.5% during the 4th quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock worth $130,000 after buying an additional 282 shares during the period. Finally, M&T Bank Corp lifted its holdings in eBay by 0.6% in the 4th quarter. M&T Bank Corp now owns 48,235 shares of the e-commerce company’s stock worth $2,105,000 after buying an additional 284 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the transaction, the senior vice president now directly owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on eBay from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Jefferies Financial Group upped their target price on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Barclays lifted their price target on eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.62.

View Our Latest Stock Report on eBay

eBay Price Performance

EBAY traded down $0.31 during trading on Friday, reaching $53.08. The stock had a trading volume of 4,337,360 shares, compared to its average volume of 4,902,579. The stock has a 50 day moving average of $51.78 and a two-hundred day moving average of $46.97. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 2.46 and a beta of 1.32. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $55.15.

eBay (NASDAQ:EBAYGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. As a group, equities analysts anticipate that eBay Inc. will post 3.72 EPS for the current fiscal year.

eBay announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.03%. eBay’s dividend payout ratio is currently 21.51%.

eBay Company Profile

(Free Report)

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.

Featured Articles

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAYFree Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.