eBay Inc. (NASDAQ:EBAY) Shares Bought by Wealthsource Partners LLC

Wealthsource Partners LLC raised its position in eBay Inc. (NASDAQ:EBAY – Get Rating) by 29.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,243 shares of the e-commerce company’s stock after acquiring an additional 3,018 shares during the quarter. Wealthsource Partners LLC’s holdings in eBay were worth $487,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Lingohr & Partner Asset Management GmbH grew its position in eBay by 2.8% in the third quarter. Lingohr & Partner Asset Management GmbH now owns 8,708 shares of the e-commerce company’s stock valued at $347,000 after acquiring an additional 237 shares in the last quarter. Quent Capital LLC grew its position in eBay by 8.5% in the third quarter. Quent Capital LLC now owns 3,215 shares of the e-commerce company’s stock valued at $118,000 after acquiring an additional 253 shares in the last quarter. Harbor Investment Advisory LLC grew its position in eBay by 14.9% in the third quarter. Harbor Investment Advisory LLC now owns 2,142 shares of the e-commerce company’s stock valued at $79,000 after acquiring an additional 278 shares in the last quarter. Ballentine Partners LLC grew its position in shares of eBay by 3.4% during the third quarter. Ballentine Partners LLC now owns 8,874 shares of the e-commerce company’s stock worth $326,000 after buying an additional 293 shares in the last quarter. Finally, Clifford Capital Partners LLC grew its position in shares of eBay by 0.3% during the third quarter. Clifford Capital Partners LLC now owns 104,052 shares of the e-commerce company’s stock worth $3,830,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

eBay Stock Up 0.2 %

Shares of eBay stock opened at $41.16 on Wednesday. The firm has a market cap of $22.10 billion, a price-to-earnings ratio of -19.32, a P/E/G ratio of 1.37 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.18 and a quick ratio of 2.18. eBay Inc. has a 52-week low of $35.92 and a 52-week high of $60.38. The stock has a 50-day simple moving average of $46.73 and a 200-day simple moving average of $43.37.

eBay (NASDAQ:EBAY – Get Rating) last posted its earnings results on Wednesday, February 22nd. The e-commerce company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. eBay had a positive return on equity of 34.14% and a negative net margin of 12.96%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company earned $0.89 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts expect that eBay Inc. will post 3.36 earnings per share for the current fiscal year.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a $0.25 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, March 9th. eBay’s payout ratio is -46.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of eBay from $55.00 to $50.00 in a research report on Thursday, February 23rd. UBS Group raised their price target on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 23rd. Moffett Nathanson assumed coverage on shares of eBay in a research report on Tuesday, November 15th. They set a “market perform” rating and a $44.00 price target for the company. Bank of America raised their price target on shares of eBay from $44.00 to $52.00 in a research report on Tuesday, February 21st. Finally, StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.92.

About eBay

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eBay, Inc operates as a commerce company. The company platforms include online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. The company technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.