eBay Inc. (NASDAQ:EBAY) Shares Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. grew its holdings in eBay Inc. (NASDAQ:EBAY) by 66.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,450 shares of the e-commerce company’s stock after buying an additional 8,540 shares during the quarter. Everence Capital Management Inc.’s holdings in eBay were worth $1,397,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Arlington Partners LLC raised its holdings in eBay by 18.5% during the third quarter. Arlington Partners LLC now owns 71,765 shares of the e-commerce company’s stock worth $4,673,000 after purchasing an additional 11,208 shares during the last quarter. Penn Davis Mcfarland Inc. raised its holdings in eBay by 2.6% during the third quarter. Penn Davis Mcfarland Inc. now owns 29,806 shares of the e-commerce company’s stock worth $1,941,000 after purchasing an additional 750 shares during the last quarter. Columbus Macro LLC acquired a new position in eBay during the third quarter worth $203,000. Resonant Capital Advisors LLC increased its position in eBay by 3.2% during the third quarter. Resonant Capital Advisors LLC now owns 51,037 shares of the e-commerce company’s stock worth $3,323,000 after buying an additional 1,571 shares in the last quarter. Finally, Blue Trust Inc. increased its position in eBay by 372.7% during the third quarter. Blue Trust Inc. now owns 5,053 shares of the e-commerce company’s stock worth $329,000 after buying an additional 3,984 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

EBAY traded down $0.79 during trading on Monday, reaching $64.16. The stock had a trading volume of 1,214,150 shares, compared to its average volume of 5,449,451. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $67.80. The stock has a 50 day moving average of $61.93 and a two-hundred day moving average of $56.06. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

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

eBay Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. eBay’s payout ratio is currently 21.51%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EBAY shares. Wolfe Research started coverage on eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Benchmark boosted their price target on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Susquehanna boosted their price target on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company boosted their price objective on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $59.10.

eBay Company Profile

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.