Tibra Equities Europe Ltd increased its position in shares of eBay Inc (NASDAQ:EBAY) by 180.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,300 shares of the e-commerce company’s stock after purchasing an additional 94,800 shares during the period. Tibra Equities Europe Ltd’s holdings in eBay were worth $5,471,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Fulton Bank N.A. increased its holdings in shares of eBay by 2.6% in the first quarter. Fulton Bank N.A. now owns 10,929 shares of the e-commerce company’s stock valued at $405,000 after buying an additional 272 shares in the last quarter. Cacti Asset Management LLC bought a new position in shares of eBay in the first quarter valued at $15,034,000. MUFG Securities EMEA plc increased its holdings in shares of eBay by 1,736.1% in the fourth quarter. MUFG Securities EMEA plc now owns 463,000 shares of the e-commerce company’s stock valued at $12,996,000 after buying an additional 437,783 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of eBay by 137.9% in the fourth quarter. American Century Companies Inc. now owns 2,358,718 shares of the e-commerce company’s stock valued at $66,209,000 after buying an additional 1,367,248 shares in the last quarter. Finally, Norges Bank bought a new position in shares of eBay in the fourth quarter valued at $244,327,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.
EBAY has been the topic of several research reports. Goldman Sachs Group cut eBay from a “buy” rating to a “neutral” rating and dropped their price target for the company from $34.00 to $32.00 in a report on Friday, January 4th. DA Davidson upped their price target on eBay to $44.00 and gave the company a “buy” rating in a report on Monday, March 4th. TheStreet raised eBay from a “c+” rating to a “b-” rating in a report on Wednesday, January 30th. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Finally, Aegis reaffirmed a “buy” rating and issued a $40.00 price target (down previously from $44.00) on shares of eBay in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.12.
eBay stock opened at $38.36 on Friday. 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 12 month low of $26.01 and a 12 month high of $40.86. The firm has a market cap of $33.56 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 posted its quarterly earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. eBay had a net margin of 24.43% and a return on equity of 29.43%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the company posted $0.53 EPS. eBay’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts expect that eBay Inc will post 2.15 earnings per share for the current fiscal 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 issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio is currently 24.14%.
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eBay Company 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.
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