Rice Hall James & Associates LLC Lowers Holdings in eBay Inc (NASDAQ:EBAY)

Rice Hall James & Associates LLC decreased its holdings in eBay Inc (NASDAQ:EBAY) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,766 shares of the e-commerce company’s stock after selling 652 shares during the quarter. Rice Hall James & Associates LLC’s holdings in eBay were worth $1,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Boston Partners grew its holdings in eBay by 73.8% in the 1st quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock valued at $613,397,000 after buying an additional 7,015,365 shares during the period. FMR LLC grew its holdings in eBay by 89.2% in the 1st quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after buying an additional 7,108,999 shares during the period. Geode Capital Management LLC grew its holdings in eBay by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock valued at $350,041,000 after buying an additional 801,529 shares during the period. FIL Ltd grew its holdings in eBay by 12.7% in the 1st quarter. FIL Ltd now owns 9,150,615 shares of the e-commerce company’s stock valued at $339,854,000 after buying an additional 1,030,271 shares during the period. Finally, Lindsell Train Ltd grew its holdings in eBay by 0.3% in the 1st quarter. Lindsell Train Ltd now owns 8,873,900 shares of the e-commerce company’s stock valued at $329,399,000 after buying an additional 23,000 shares during the period. Institutional investors own 89.00% of the company’s stock.

In other eBay news, Director Matthew J. Murphy bought 6,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $38.79 per share, with a total value of $232,740.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kristin A. Yetto sold 6,254 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $40.85, for a total value of $255,475.90. Following the completion of the transaction, the senior vice president now directly owns 73,700 shares in the company, valued at $3,010,645. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 232,942 shares of company stock worth $9,661,957. 6.22% of the stock is currently owned by corporate insiders.

EBAY has been the subject of a number of research reports. KeyCorp boosted their target price on eBay from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. BidaskClub upgraded eBay from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on eBay from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Raymond James boosted their target price on eBay from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Finally, SunTrust Banks reiterated a “hold” rating and set a $36.00 target price on shares of eBay in a report on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $41.52.

eBay stock traded up $0.56 during midday trading on Friday, hitting $40.00. 160,726 shares of the company were exchanged, compared to its average volume of 8,925,748. The company’s fifty day moving average price is $40.18 and its 200-day moving average price is $37.84. The company has a market cap of $34.37 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.31 and a quick ratio of 1.31. eBay Inc has a fifty-two week low of $26.01 and a fifty-two week high of $42.00.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.49 by $0.19. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. On average, analysts expect that eBay Inc will post 2.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, August 30th. eBay’s payout ratio is 24.14%.

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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