eBay Inc. (NASDAQ:EBAY) Shares Acquired by Promethos Capital LLC

Promethos Capital LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 129.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,590 shares of the e-commerce company’s stock after acquiring an additional 20,650 shares during the period. Promethos Capital LLC’s holdings in eBay were worth $1,966,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EBAY. Van ECK Associates Corp raised its stake in eBay by 25.0% in the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after purchasing an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in eBay by 42.3% during the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock worth $3,042,000 after acquiring an additional 17,140 shares in the last quarter. Cetera Investment Advisers increased its holdings in eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares during the last quarter. PGGM Investments raised its position in shares of eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after acquiring an additional 28,604 shares in the last quarter. Finally, Freestone Capital Holdings LLC lifted its position in shares of eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after buying an additional 29,624 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $63.22 on Friday. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $64.96. The stock has a 50 day moving average of $57.41 and a 200 day moving average of $53.95. The company has a market capitalization of $31.74 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.35 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio is 21.51%.

Analysts Set New Price Targets

EBAY has been the topic of several analyst reports. Morgan Stanley raised their price target on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft upped their target price on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Cantor Fitzgerald assumed coverage on shares of eBay in a research report on Thursday, September 5th. They issued a “neutral” rating and a $62.00 price target for the company. Finally, Susquehanna raised their price target on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.90.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

About eBay

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.