Smead Capital Management Inc. Sells 52,286 Shares of eBay Inc (NASDAQ:EBAY)

Smead Capital Management Inc. lessened its stake in shares of eBay Inc (NASDAQ:EBAY) by 3.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,532,594 shares of the e-commerce company’s stock after selling 52,286 shares during the period. eBay accounts for about 2.9% of Smead Capital Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Smead Capital Management Inc. owned approximately 0.18% of eBay worth $60,537,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. WINTON GROUP Ltd grew its holdings in eBay by 10.2% during the second quarter. WINTON GROUP Ltd now owns 905,851 shares of the e-commerce company’s stock valued at $35,781,000 after purchasing an additional 84,212 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of eBay by 57.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,742 shares of the e-commerce company’s stock worth $102,000 after acquiring an additional 996 shares during the period. Carillon Tower Advisers Inc. boosted its stake in shares of eBay by 420.3% in the first quarter. Carillon Tower Advisers Inc. now owns 599,925 shares of the e-commerce company’s stock worth $22,281,000 after acquiring an additional 484,625 shares during the period. Barrett Asset Management LLC bought a new position in shares of eBay in the first quarter worth about $988,000. Finally, Bessemer Group Inc. boosted its stake in shares of eBay by 67.1% in the second quarter. Bessemer Group Inc. now owns 10,097 shares of the e-commerce company’s stock worth $399,000 after acquiring an additional 4,056 shares during the period. 89.34% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ EBAY traded up $0.70 during midday trading on Tuesday, hitting $39.51. The company’s stock had a trading volume of 5,485,625 shares, compared to its average volume of 8,749,432. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.89. The business’s 50 day moving average price is $40.10. eBay Inc has a 12-month low of $26.01 and a 12-month high of $42.00. The firm has a market capitalization of $34.04 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.93 and a beta of 1.37.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share 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 the consensus estimate of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, research analysts expect that eBay Inc will post 2.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.42%. eBay’s payout ratio is 24.14%.

A number of equities analysts recently commented on the company. BMO Capital Markets increased their price target on eBay from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Piper Jaffray Companies increased their price target on eBay from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. DA Davidson increased their price target on eBay to $47.00 and gave the company a “reduce” rating in a research note on Thursday, July 18th. SunTrust Banks reissued a “hold” rating and set a $36.00 price target on shares of eBay in a research note on Tuesday, July 16th. Finally, Aegis reissued a “buy” rating and set a $45.00 price target (up from $43.00) on shares of eBay in a research note on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the stock. eBay currently has an average rating of “Hold” and a consensus target price of $41.52.

In other news, SVP Jae Hyun Lee sold 48,111 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $41.92, for a total value of $2,016,813.12. Following the completion of the sale, the senior vice president now owns 197,247 shares of the company’s stock, valued at approximately $8,268,594.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Devin Wenig sold 149,563 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $41.49, for a total value of $6,205,368.87. Following the completion of the sale, the chief executive officer now directly owns 1,034,592 shares of the company’s stock, valued at approximately $42,925,222.08. The disclosure for this sale can be found here. Insiders sold a total of 258,098 shares of company stock valued at $10,603,043 in the last three months. Insiders own 5.60% of the company’s stock.

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.

Featured Story: Put Option Volume

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.