Citizens Financial Group Inc RI raised its holdings in eBay Inc (NASDAQ:EBAY) by 14.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,128 shares of the e-commerce company’s stock after buying an additional 1,154 shares during the period. Citizens Financial Group Inc RI’s holdings in eBay were worth $274,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in EBAY. Bank of The West bought a new position in shares of eBay during the first quarter worth approximately $284,000. Fiera Capital Corp bought a new stake in shares of eBay in the 1st quarter worth approximately $1,295,000. Citizens & Northern Corp raised its holdings in shares of eBay by 6.5% in the 1st quarter. Citizens & Northern Corp now owns 24,304 shares of the e-commerce company’s stock worth $731,000 after purchasing an additional 1,487 shares during the period. Swiss National Bank raised its holdings in shares of eBay by 18.9% in the 1st quarter. Swiss National Bank now owns 3,273,224 shares of the e-commerce company’s stock worth $98,393,000 after purchasing an additional 519,700 shares during the period. Finally, Cetera Advisor Networks LLC raised its holdings in eBay by 4.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 9,667 shares of the e-commerce company’s stock valued at $291,000 after acquiring an additional 371 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.
NASDAQ EBAY opened at $42.47 on Friday. The company has a 50-day simple moving average of $37.57 and a two-hundred day simple moving average of $35.75. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.87. eBay Inc has a 12-month low of $26.02 and a 12-month high of $43.33. The firm has a market cap of $29.93 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.33 and a beta of 1.36.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. eBay had a net margin of 44.44% and a return on equity of 63.44%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Equities analysts expect that eBay Inc will post 2.59 earnings per share for the current fiscal year.
eBay announced that its Board of Directors has initiated a stock buyback program on Tuesday, January 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy up to 17.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.64 annualized dividend and a yield of 1.51%. eBay’s payout ratio is 27.59%.
In related news, CFO Andrew John Cring sold 23,240 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total value of $999,320.00. Following the completion of the transaction, the chief financial officer now directly owns 117,919 shares of the company’s stock, valued at $5,070,517. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Wendy Elizabeth Jones sold 62,719 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $38.48, for a total transaction of $2,413,427.12. Following the completion of the transaction, the senior vice president now directly owns 68,909 shares of the company’s stock, valued at $2,651,618.32. The disclosure for this sale can be found here. Corporate insiders own 6.22% of the company’s stock.
EBAY has been the topic of a number of analyst reports. Bank of America boosted their target price on shares of eBay from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Susquehanna Bancshares boosted their target price on shares of eBay from $43.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, April 30th. TheStreet lowered shares of eBay from a “b-” rating to a “c+” rating in a research report on Thursday, April 2nd. Jefferies Financial Group restated a “sell” rating and set a $31.00 price target on shares of eBay in a research report on Tuesday, January 28th. Finally, BidaskClub upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.77.
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.
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