American Century Companies Inc. Has $66.21 Million Stake in eBay Inc (NASDAQ:EBAY)

American Century Companies Inc. lifted its stake in eBay Inc (NASDAQ:EBAY) by 137.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,358,718 shares of the e-commerce company’s stock after acquiring an additional 1,367,248 shares during the period. American Century Companies Inc. owned approximately 0.26% of eBay worth $66,209,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EBAY. Magellan Asset Management Ltd raised its holdings in shares of eBay by 0.3% in the third quarter. Magellan Asset Management Ltd now owns 23,584,773 shares of the e-commerce company’s stock valued at $778,769,000 after buying an additional 71,258 shares during the last quarter. Baupost Group LLC MA bought a new position in shares of eBay in the fourth quarter valued at about $589,470,000. Nordea Investment Management AB raised its holdings in shares of eBay by 10.5% in the fourth quarter. Nordea Investment Management AB now owns 19,769,574 shares of the e-commerce company’s stock valued at $554,934,000 after buying an additional 1,886,068 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of eBay by 4.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,230,455 shares of the e-commerce company’s stock valued at $436,869,000 after buying an additional 611,852 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of eBay by 30,706.7% in the third quarter. Bank of New York Mellon Corp now owns 12,508,428 shares of the e-commerce company’s stock valued at $413,028,000 after buying an additional 12,467,825 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

In other eBay news, CFO Scott F. Schenkel sold 89,707 shares of the business’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 value of $3,453,719.50. Following the sale, the chief financial officer now owns 273,283 shares in the company, valued at approximately $10,521,395.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Doerger sold 10,185 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $34.30, for a total value of $349,345.50. Following the completion of the sale, the vice president now owns 39,544 shares in the company, valued at approximately $1,356,359.20. The disclosure for this sale can be found here. Insiders own 6.22% of the company’s stock.

EBAY has been the subject of a number of research analyst reports. Goldman Sachs Group cut eBay from a “buy” rating to a “neutral” rating and cut their price target for the company from $34.00 to $32.00 in a report on Friday, January 4th. DA Davidson lifted their price objective on eBay to $44.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, January 30th. ValuEngine lowered eBay from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, Aegis reiterated a “buy” rating and issued a $40.00 price objective (down from $44.00) on shares of eBay in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. eBay presently has a consensus rating of “Hold” and an average price target of $40.32.

Shares of EBAY traded up $0.25 on Friday, hitting $38.36. The company’s stock had a trading volume of 8,153,011 shares, compared to its average volume of 12,513,348. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.60 and a current ratio of 1.60. eBay Inc has a fifty-two week low of $26.01 and a fifty-two week high of $40.86. The firm has a market capitalization of $32.08 billion, a PE ratio of 16.53, a P/E/G ratio of 1.79 and a beta of 1.35.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.58 billion. eBay had a return on equity of 29.43% and a net margin of 24.43%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Equities research analysts predict that eBay Inc will post 2.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Saturday, June 1st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s payout ratio is 24.14%.

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eBay Profile

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.

Further Reading: What is the Current Ratio?

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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