Keybank National Association OH Raises Holdings in eBay Inc (EBAY)

Keybank National Association OH raised its position in eBay Inc (NASDAQ:EBAY) by 122.2% in the first quarter, Holdings Channel reports. The institutional investor owned 38,475 shares of the e-commerce company’s stock after purchasing an additional 21,159 shares during the period. Keybank National Association OH’s holdings in eBay were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in eBay in the first quarter valued at approximately $25,000. Paragon Capital Management LLC purchased a new stake in eBay in the first quarter valued at approximately $28,000. Brand Asset Management Group Inc. lifted its stake in eBay by 69.6% in the first quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 355 shares during the last quarter. Cornerstone Advisors Inc. lifted its stake in eBay by 83.8% in the first quarter. Cornerstone Advisors Inc. now owns 978 shares of the e-commerce company’s stock valued at $36,000 after buying an additional 446 shares during the last quarter. Finally, American Research & Management Co. lifted its stake in eBay by 1,000.0% in the first quarter. American Research & Management Co. now owns 1,100 shares of the e-commerce company’s stock valued at $41,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 86.35% of the company’s stock.

Shares of EBAY stock opened at $36.13 on Monday. eBay Inc has a 1-year low of $26.01 and a 1-year high of $40.86. The firm has a market cap of $31.49 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.78 and a beta of 1.34. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.48.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Saturday, June 1st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio is presently 24.14%.

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on eBay from $33.00 to $34.50 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. UBS Group boosted their target price on eBay from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Robert W. Baird boosted their target price on eBay from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Deutsche Bank boosted their target price on eBay from $39.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, BMO Capital Markets boosted their target price on eBay from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the stock. eBay presently has an average rating of “Hold” and a consensus price target of $39.98.

In other eBay news, VP Brian J. Doerger sold 14,237 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $38.06, for a total value of $541,860.22. Following the sale, the vice president now owns 37,340 shares of the company’s stock, valued at $1,421,160.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $38.50, for a total value of $3,453,719.50. Following the completion of the sale, the chief financial officer now directly owns 273,283 shares in the company, valued at approximately $10,521,395.50. The disclosure for this sale can be found here. Insiders have sold 177,199 shares of company stock worth $6,778,517 in the last ninety days. 6.22% of the stock is currently owned by corporate insiders.

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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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