International Assets Investment Management LLC Lowers Position in eBay Inc. (NASDAQ:EBAY)

International Assets Investment Management LLC reduced its stake in eBay Inc. (NASDAQ:EBAY) by 91.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,347 shares of the e-commerce company’s stock after selling 97,478 shares during the period. International Assets Investment Management LLC’s holdings in eBay were worth $489,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EBAY. GHE LLC boosted its position in shares of eBay by 1.5% during the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after buying an additional 260 shares during the period. Savant Capital LLC increased its stake in eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares during the period. Affinity Investment Advisors LLC lifted its position in shares of eBay by 3.0% during the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after purchasing an additional 275 shares in the last quarter. Quent Capital LLC boosted its stake in shares of eBay by 10.5% in the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock valued at $130,000 after purchasing an additional 282 shares during the period. Finally, M&T Bank Corp grew its holdings in shares of eBay by 0.6% in the fourth quarter. M&T Bank Corp now owns 48,235 shares of the e-commerce company’s stock valued at $2,105,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

EBAY stock opened at $54.01 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $27.11 billion, a P/E ratio of 10.76, a PEG ratio of 2.48 and a beta of 1.32. The business has a 50 day simple moving average of $52.18 and a 200-day simple moving average of $48.00. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $55.15.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the business earned $0.87 EPS. eBay’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that eBay Inc. will post 3.72 EPS for the current year.

eBay announced that its board has approved a stock repurchase plan on Tuesday, February 27th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling at eBay

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now directly owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock valued at $3,001,254 in the last ninety days. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on EBAY shares. Mizuho boosted their price target on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. UBS Group boosted their target price on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Benchmark reaffirmed a “buy” rating and issued a $58.00 price target on shares of eBay in a research report on Monday, June 17th. Jefferies Financial Group boosted their price objective on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Finally, Barclays upped their target price on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $52.67.

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.