Investment House LLC decreased its holdings in eBay Inc (NASDAQ:EBAY) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,357 shares of the e-commerce company’s stock after selling 2,818 shares during the period. Investment House LLC’s holdings in eBay were worth $682,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Twin Capital Management Inc. bought a new stake in shares of eBay in the first quarter worth $5,538,000. South Dakota Investment Council grew its holdings in shares of eBay by 11.2% in the first quarter. South Dakota Investment Council now owns 340,909 shares of the e-commerce company’s stock worth $12,661,000 after acquiring an additional 34,310 shares during the period. Hamilton Point Investment Advisors LLC grew its holdings in shares of eBay by 1.3% in the first quarter. Hamilton Point Investment Advisors LLC now owns 142,295 shares of the e-commerce company’s stock worth $5,285,000 after acquiring an additional 1,805 shares during the period. Greenwood Capital Associates LLC bought a new stake in shares of eBay in the first quarter worth $1,811,000. Finally, Victory Capital Management Inc. grew its holdings in shares of eBay by 1,636.5% in the first quarter. Victory Capital Management Inc. now owns 238,199 shares of the e-commerce company’s stock worth $8,847,000 after acquiring an additional 224,482 shares during the period. 90.42% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Scott F. Schenkel sold 89,707 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 273,283 shares in the company, valued at $10,521,395.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kristin A. Yetto sold 27,512 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $38.34, for a total value of $1,054,810.08. Following the completion of the transaction, the senior vice president now owns 98,856 shares in the company, valued at $3,790,139.04. The disclosure for this sale can be found here. Insiders sold 152,043 shares of company stock worth $5,837,431 over the last 90 days. Company insiders own 6.22% of the company’s stock.

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

NASDAQ EBAY opened at $37.38 on Friday. 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 cap of $32.79 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.86 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 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. On average, equities research analysts anticipate that eBay Inc will post 2.14 EPS for the current year.

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

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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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