Raymond James & Associates Buys 314,210 Shares of eBay Inc (EBAY)

Raymond James & Associates grew its stake in shares of eBay Inc (NASDAQ:EBAY) by 32.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,290,498 shares of the e-commerce company’s stock after buying an additional 314,210 shares during the quarter. Raymond James & Associates’ holdings in eBay were worth $47,929,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of eBay by 34.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 270,862 shares of the e-commerce company’s stock valued at $7,603,000 after buying an additional 69,226 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in shares of eBay during the fourth quarter valued at about $42,000. Semmax Financial Advisors Inc. bought a new position in shares of eBay during the fourth quarter valued at about $124,000. Nisa Investment Advisors LLC grew its stake in shares of eBay by 5.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 401,589 shares of the e-commerce company’s stock valued at $11,273,000 after buying an additional 19,015 shares during the last quarter. Finally, Norges Bank bought a new position in shares of eBay during the fourth quarter valued at about $244,327,000. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EBAY opened at $37.27 on Friday. 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 Inc has a one year low of $26.01 and a one year high of $40.86. The stock has a market capitalization of $32.28 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.83 and a beta of 1.34.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Saturday, June 1st will be issued a $0.14 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.56 annualized dividend and a yield of 1.50%. eBay’s dividend payout ratio (DPR) is presently 24.14%.

In other eBay news, VP Brian J. Doerger sold 14,237 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,421,160.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen Fisher sold 20,587 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $38.23, for a total transaction of $787,041.01. Following the completion of the sale, the senior vice president now owns 81,305 shares of the company’s stock, valued at $3,108,290.15. The disclosure for this sale can be found here. Insiders sold 152,043 shares of company stock valued at $5,837,431 over the last 90 days. 6.22% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on EBAY. Deutsche Bank raised their price objective on eBay from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised their price objective on eBay from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. BMO Capital Markets raised their price objective on eBay from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their target price on eBay from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Benchmark reissued a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of eBay in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. eBay has an average rating of “Hold” and a consensus target price of $40.12.

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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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