Jacobs & Co. CA boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.5% during the first quarter, Holdings Channel.com reports. The firm owned 102,187 shares of the e-commerce company’s stock after buying an additional 525 shares during the quarter. Jacobs & Co. CA’s holdings in eBay were worth $6,257,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of EBAY. Cacti Asset Management LLC raised its stake in shares of eBay by 54.6% in the 1st quarter. Cacti Asset Management LLC now owns 251,039 shares of the e-commerce company’s stock valued at $15,374,000 after acquiring an additional 88,639 shares during the period. Carret Asset Management LLC raised its stake in shares of eBay by 26.9% in the 4th quarter. Carret Asset Management LLC now owns 33,515 shares of the e-commerce company’s stock valued at $1,684,000 after acquiring an additional 7,100 shares during the period. swisspartners Ltd. purchased a new stake in shares of eBay in the 4th quarter valued at approximately $222,000. SOA Wealth Advisors LLC. purchased a new stake in shares of eBay in the 4th quarter valued at approximately $100,000. Finally, TRU Independence Asset Management 2 LLC purchased a new stake in shares of eBay in the 4th quarter valued at approximately $323,000. 90.13% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on EBAY. Barclays boosted their price target on shares of eBay from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, February 4th. Susquehanna lifted their price objective on shares of eBay from $66.00 to $75.00 and gave the company a “positive” rating in a report on Thursday, February 4th. Stifel Nicolaus lifted their price objective on shares of eBay from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 4th. Wedbush lifted their price objective on shares of eBay from $65.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Finally, DA Davidson lifted their price objective on shares of eBay from $67.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 4th. Fourteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $67.48.
eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, February 2nd. The e-commerce company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. eBay had a net margin of 50.42% and a return on equity of 82.73%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Sell-side analysts expect that eBay Inc. will post 2.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Monday, March 1st were given a $0.18 dividend. This is an increase from eBay’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.72 annualized dividend and a yield of 1.16%. eBay’s dividend payout ratio is 31.03%.
eBay declared that its Board of Directors has approved a share buyback program on Wednesday, February 3rd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the e-commerce company to buy up to 10% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
In related news, CFO Andrew John Cring sold 9,512 shares of the company’s stock in a transaction on Tuesday, January 19th. The shares were sold at an average price of $57.00, for a total value of $542,184.00. Following the completion of the sale, the chief financial officer now owns 122,664 shares in the company, valued at approximately $6,991,848. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Pete Thompson sold 2,718 shares of the company’s stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of $62.50, for a total transaction of $169,875.00. Following the completion of the sale, the senior vice president now owns 17,519 shares of the company’s stock, valued at approximately $1,094,937.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,855 shares of company stock valued at $2,063,882. 5.02% of the stock is owned by insiders.
eBay Inc operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.
See Also: Is a Roth IRA right for you?
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).
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.