13,588 eBay Inc. $EBAY Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in eBay Inc. (NASDAQ:EBAY) by 5.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 234,301 shares of the e-commerce company’s stock after selling 13,588 shares during the period. Pictet Asset Management Holding SA’s holdings in eBay were worth $24,848,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Parallel Advisors LLC boosted its holdings in shares of eBay by 4.5% in the third quarter. Parallel Advisors LLC now owns 12,373 shares of the e-commerce company’s stock worth $1,312,000 after buying an additional 535 shares during the last quarter. Alps Advisors Inc. grew its position in eBay by 191.3% during the third quarter. Alps Advisors Inc. now owns 29,972 shares of the e-commerce company’s stock valued at $3,179,000 after buying an additional 19,684 shares during the period. Ashton Thomas Private Wealth LLC grew its position in eBay by 43.6% during the third quarter. Ashton Thomas Private Wealth LLC now owns 12,000 shares of the e-commerce company’s stock valued at $1,273,000 after buying an additional 3,644 shares during the period. CenterBook Partners LP increased its holdings in eBay by 382.1% during the third quarter. CenterBook Partners LP now owns 45,995 shares of the e-commerce company’s stock valued at $4,878,000 after buying an additional 36,455 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in eBay by 2.1% during the third quarter. Calamos Advisors LLC now owns 144,646 shares of the e-commerce company’s stock valued at $15,340,000 after buying an additional 2,926 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays downgraded shares of eBay from an “overweight” rating to an “underweight” rating in a research report on Thursday, October 29th. Arete Research cut their price objective on shares of eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, September 24th. Mizuho set a $120.00 price objective on shares of eBay in a research report on Thursday, October 29th. JPMorgan Chase & Co. upped their price objective on eBay from $107.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Finally, UBS Group raised eBay from a “neutral” rating to a “buy” rating in a report on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $123.52.

eBay Price Performance

NASDAQ EBAY opened at $122.68 on Thursday. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $127.74. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 2.93 and a beta of 1.30. The company’s 50 day moving average is $113.61 and its two-hundred day moving average is $105.00. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. As a group, research analysts anticipate that eBay Inc. will post 4.79 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. eBay’s payout ratio is 27.07%.

Key eBay News

Here’s some of the latest news about EBAY:

• Positive Sentiment: Lower-cost shipping is prompting questions about eBay’s investment case; cheaper delivery could improve the appeal of buying and selling on its marketplace, though the article title alone does not quantify the impact. Is Lower Cost Shipping Altering The Investment Case For eBay (EBAY)?
• Positive Sentiment: Archival fashion listings and prices are climbing, a sign of interest in resale categories that could benefit eBay’s marketplace. eBay sees archival fashion listings, prices climb
• Neutral Sentiment: eBay’s SEMA car-collection launch adds a promotional angle in the auto category, but the coverage frames it as a valuation question rather than demonstrating a material financial contribution. Is eBay (EBAY) Undervalued After Its SEMA Car Collection Launch?

Insiders Place Their Bets

In related news, SVP Jordan Sweetnam sold 1,014 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $122.98, for a total value of $1,366,307.80. Following the completion of the sale, the chief executive officer owned 204,049 shares of the company’s stock, valued at $25,093,946.02. The trade was a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 34,344 shares of company stock worth $3,795,885. 0.67% of the stock is owned by corporate insiders.

About eBay

eBay Inc. operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts. Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace. eBay serves customers and businesses in markets around the world.