eBay Inc. (NASDAQ:EBAY) Stock Position Lessened by Forsta AP Fonden

Forsta AP Fonden decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 207,600 shares of the e-commerce company’s stock after selling 2,900 shares during the quarter. Forsta AP Fonden’s holdings in eBay were worth $13,517,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of EBAY. Vanguard Group Inc. grew its stake in shares of eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. M&G Plc bought a new position in shares of eBay in the first quarter worth $97,557,000. Swedbank AB bought a new position in shares of eBay in the first quarter worth $73,777,000. Finally, Altshuler Shaham Ltd bought a new position in shares of eBay in the second quarter worth $71,593,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Down 0.8 %

Shares of NASDAQ EBAY opened at $63.10 on Friday. eBay Inc. has a one year low of $37.17 and a one year high of $67.80. The firm has a market capitalization of $30.86 billion, a PE ratio of 12.25, a PEG ratio of 2.45 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. The business has a 50-day moving average price of $62.71 and a two-hundred day moving average price of $56.41.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. As a group, analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s dividend payout ratio is 20.97%.

Insider Activity

In other news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at approximately $36,963,542.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 directly owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock worth $2,678,424 in the last three months. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on EBAY. Morgan Stanley raised their target price on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group raised their target price on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Wolfe Research began coverage on eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Citigroup raised their target price on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.14.

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.