eBay Inc. (NASDAQ:EBAY) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 25.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,820,907 shares of the e-commerce company’s stock after selling 1,286,913 shares during the period. The Manufacturers Life Insurance Company’s holdings in eBay were worth $205,259,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC raised its stake in eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after buying an additional 202 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of eBay by 3.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after acquiring an additional 219 shares in the last quarter. Banco Santander S.A. lifted its stake in eBay by 2.1% during the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock worth $609,000 after purchasing an additional 236 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in eBay by 6.9% in the second quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company’s stock valued at $205,000 after purchasing an additional 240 shares in the last quarter. Finally, Tempus Wealth Planning LLC increased its stake in eBay by 3.1% in the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock valued at $451,000 after purchasing an additional 254 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on EBAY shares. Robert W. Baird boosted their price objective on shares of eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. began coverage on shares of eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective for the company. Bank of America lifted their target price on eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday. Benchmark lifted their target price on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price target on shares of eBay in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $57.29.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the business’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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction dated 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 transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

eBay Trading Up 0.1 %

NASDAQ:EBAY opened at $64.00 on Friday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $65.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average price of $58.36 and a two-hundred day moving average price of $54.43. The stock 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 released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. As a group, sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal 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 paid a dividend of $0.27 per share. 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 1.69%. eBay’s dividend payout ratio (DPR) is 21.51%.

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.