Lighthouse Investment Partners LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Lighthouse Investment Partners LLC acquired a new position in eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, Holdings Channel reports. The fund acquired 5,598 shares of the e-commerce company’s stock, valued at approximately $301,000.

Other large investors have also recently added to or reduced their stakes in the company. MBB Public Markets I LLC purchased a new stake in shares of eBay in the second quarter valued at about $2,016,000. DoubleLine ETF Adviser LP acquired a new position in shares of eBay during the 2nd quarter worth approximately $764,000. Drucker Wealth 3.0 LLC purchased a new stake in eBay in the 2nd quarter valued at approximately $755,000. Ameriprise Financial Inc. grew its holdings in eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. Finally, AXA S.A. increased its position in eBay by 5.5% during the second quarter. AXA S.A. now owns 651,658 shares of the e-commerce company’s stock worth $35,007,000 after buying an additional 34,016 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EBAY has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price target on shares of eBay in a report on Monday, September 23rd. Benchmark upped their price objective on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Wolfe Research initiated coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $57.29.

eBay Stock Performance

NASDAQ:EBAY opened at $64.00 on Monday. The firm’s fifty day simple moving average is $58.57 and its 200 day simple moving average is $54.55. 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 Inc. has a twelve month low of $37.17 and a twelve month high of $65.44. The firm has a market capitalization of $32.13 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share 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 company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

Insider Activity

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

eBay 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.