Principal Financial Group Inc. Sells 75,988 Shares of eBay Inc (NASDAQ:EBAY)

Principal Financial Group Inc. lessened its stake in shares of eBay Inc (NASDAQ:EBAY) by 5.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,225,001 shares of the e-commerce company’s stock after selling 75,988 shares during the quarter. Principal Financial Group Inc.’s holdings in eBay were worth $45,496,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. grew its position in shares of eBay by 5.7% during the 4th quarter. Advisors Asset Management Inc. now owns 501,634 shares of the e-commerce company’s stock valued at $14,081,000 after buying an additional 26,836 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of eBay by 22.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock valued at $66,000 after buying an additional 427 shares during the last quarter. Dupont Capital Management Corp grew its position in shares of eBay by 47.7% during the 4th quarter. Dupont Capital Management Corp now owns 14,798 shares of the e-commerce company’s stock valued at $415,000 after buying an additional 4,776 shares during the last quarter. TD Asset Management Inc. grew its position in shares of eBay by 0.7% during the 4th quarter. TD Asset Management Inc. now owns 295,324 shares of the e-commerce company’s stock valued at $8,290,000 after buying an additional 2,008 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in shares of eBay during the 4th quarter valued at about $42,000. 86.35% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on EBAY shares. BidaskClub downgraded shares of eBay from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. Barclays boosted their price objective on shares of eBay to $46.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Canaccord Genuity boosted their price objective on shares of eBay from $33.00 to $38.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, ValuEngine cut shares of eBay from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. eBay presently has an average rating of “Hold” and an average price target of $39.98.

In other news, VP Brian J. Doerger sold 14,237 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $38.06, for a total value of $541,860.22. Following the completion of the sale, the vice president now directly owns 37,340 shares of the company’s stock, valued at approximately $1,421,160.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the completion of the sale, the chief financial officer now directly owns 273,283 shares of the company’s stock, valued at $10,521,395.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,199 shares of company stock valued at $6,778,517. Company insiders own 5.60% of the company’s stock.

Shares of NASDAQ:EBAY opened at $38.12 on Tuesday. The company has a market capitalization of $32.69 billion, a PE ratio of 16.43, a P/E/G ratio of 1.85 and a beta of 1.33. eBay Inc has a twelve month low of $26.01 and a twelve month high of $40.76. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.48.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.58 billion. eBay had a net margin of 24.43% and a return on equity of 31.26%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. Equities analysts forecast that eBay Inc will post 2.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio is currently 24.14%.

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About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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