J.W. Cole Advisors Inc. bought a new position in shares of eBay Inc. (NASDAQ:EBAY – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,285 shares of the e-commerce company’s stock, valued at approximately $57,000.
Several other hedge funds have also modified their holdings of EBAY. Schroder Investment Management Group raised its holdings in eBay by 33.7% in the 4th quarter. Schroder Investment Management Group now owns 287,594 shares of the e-commerce company’s stock valued at $19,125,000 after acquiring an additional 72,464 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in eBay by 5.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 55,885 shares of the e-commerce company’s stock valued at $3,716,000 after acquiring an additional 2,985 shares during the last quarter. Blair William & Co. IL raised its holdings in eBay by 7.3% in the 4th quarter. Blair William & Co. IL now owns 38,287 shares of the e-commerce company’s stock valued at $2,546,000 after acquiring an additional 2,597 shares during the last quarter. Clearstead Advisors LLC raised its holdings in eBay by 12.2% in the 4th quarter. Clearstead Advisors LLC now owns 5,739 shares of the e-commerce company’s stock valued at $382,000 after acquiring an additional 624 shares during the last quarter. Finally, Mmbg Investment Advisors CO. acquired a new stake in eBay in the 4th quarter valued at about $549,000. 87.00% of the stock is owned by hedge funds and other institutional investors.
eBay Price Performance
Shares of NASDAQ:EBAY opened at $38.30 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $21.04 billion, a P/E ratio of 91.19, a P/E/G ratio of 1.61 and a beta of 1.23. eBay Inc. has a 12 month low of $38.01 and a 12 month high of $81.19. The company’s fifty day moving average price is $45.61 and its 200 day moving average price is $48.15.
eBay Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were paid a $0.22 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.30%. eBay’s dividend payout ratio is presently 209.53%.
Analyst Upgrades and Downgrades
EBAY has been the subject of a number of recent analyst reports. Mizuho cut their price target on shares of eBay from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. Morgan Stanley raised their price target on shares of eBay from $36.00 to $37.00 and gave the stock an “underweight” rating in a report on Thursday, August 4th. Cowen cut their price target on shares of eBay to $52.00 in a report on Tuesday, August 9th. JMP Securities initiated coverage on shares of eBay in a report on Wednesday, June 1st. They set a “market perform” rating for the company. Finally, UBS Group raised their price target on shares of eBay from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $59.43.
eBay Company Profile
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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