32,511 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by PGGM Investments

PGGM Investments purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,511 shares of the e-commerce company’s stock, valued at approximately $1,716,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. LRI Investments LLC bought a new stake in eBay in the first quarter valued at approximately $29,000. Washington Trust Advisors Inc. purchased a new position in shares of eBay in the first quarter worth $30,000. Jones Financial Companies Lllp raised its holdings in eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 310 shares during the last quarter. American National Bank boosted its position in eBay by 200.0% during the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 400 shares during the period. Finally, Crewe Advisors LLC bought a new stake in eBay in the 1st quarter worth $43,000. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EBAY shares. Barclays upped their price objective on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Wells Fargo & Company dropped their price objective on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. started coverage on eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of eBay from $38.00 to $46.00 and gave the company a “sell” rating in a report on Friday. Finally, Susquehanna boosted their price objective on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.25.

eBay Stock Performance

NASDAQ EBAY traded down $0.03 on Friday, reaching $56.20. 5,578,664 shares of the stock were exchanged, compared to its average volume of 4,263,694. The company has a current ratio of 1.25, a quick ratio of 1.99 and a debt-to-equity ratio of 1.12. eBay Inc. has a one year low of $37.17 and a one year high of $57.68. The firm has a market capitalization of $28.21 billion, a PE ratio of 11.20, a PEG ratio of 2.58 and a beta of 1.31. The company’s 50-day simple moving average is $53.72 and its two-hundred day simple moving average is $50.18.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. eBay’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts expect that eBay Inc. will post 3.73 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.92%. eBay’s dividend payout ratio is currently 21.51%.

Insiders Place Their Bets

In related news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Insiders have sold a total of 10,488 shares of company stock worth $565,910 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.