AQR Capital Management LLC Has $62.17 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

AQR Capital Management LLC lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,169,561 shares of the e-commerce company’s stock after selling 49,106 shares during the quarter. AQR Capital Management LLC owned 0.23% of eBay worth $62,174,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the 2nd quarter valued at $26,000. Tortoise Investment Management LLC raised its position in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the period. LRI Investments LLC purchased a new stake in eBay in the 1st quarter worth about $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay during the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in eBay during the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 0.1 %

eBay stock opened at $64.00 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $65.44. The firm has a fifty day moving average price of $58.36 and a two-hundred day moving average price of $54.43. The firm has a market cap of $32.13 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 2.45 and a beta of 1.32.

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

eBay Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on EBAY shares. Morgan Stanley raised their price target on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 price target on shares of eBay in a report on Monday, September 23rd. Evercore ISI increased their price objective on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research note on Friday, August 2nd. Finally, Susquehanna upped their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.29.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the 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 completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

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.