River & Mercantile Asset Management LLP lifted its position in shares of eBay Inc (NASDAQ:EBAY) by 65.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,644 shares of the e-commerce company’s stock after buying an additional 153,142 shares during the period. eBay comprises 0.9% of River & Mercantile Asset Management LLP’s investment portfolio, making the stock its 20th largest position. River & Mercantile Asset Management LLP’s holdings in eBay were worth $10,859,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Baupost Group LLC MA purchased a new position in eBay in the 4th quarter worth approximately $589,470,000. Bank of New York Mellon Corp increased its stake in eBay by 30,706.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,508,428 shares of the e-commerce company’s stock worth $413,028,000 after purchasing an additional 12,467,825 shares during the period. Nordea Investment Management AB increased its stake in eBay by 74.8% in the 3rd quarter. Nordea Investment Management AB now owns 17,883,506 shares of the e-commerce company’s stock worth $590,516,000 after purchasing an additional 7,651,060 shares during the period. M&T Bank Corp increased its stake in eBay by 5,046.2% in the 4th quarter. M&T Bank Corp now owns 7,322,802 shares of the e-commerce company’s stock worth $205,550,000 after purchasing an additional 7,180,506 shares during the period. Finally, Harris Associates L P purchased a new position in eBay in the 4th quarter worth approximately $186,253,000. 86.38% of the stock is currently owned by institutional investors.
Shares of NASDAQ EBAY traded down $0.14 during mid-day trading on Monday, hitting $36.51. 96,148 shares of the stock traded hands, compared to its average volume of 12,660,328. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.22. eBay Inc has a 52 week low of $26.01 and a 52 week high of $43.00. The firm has a market capitalization of $33.53 billion, a PE ratio of 15.74, a P/E/G ratio of 1.79 and a beta of 1.36.
The business also recently announced a Not Available dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a $0.14 dividend. The ex-dividend date was Thursday, February 28th. eBay’s dividend payout ratio (DPR) is 24.14%.
In other eBay news, VP Brian J. Doerger sold 10,185 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the sale, the vice president now directly owns 39,544 shares of the company’s stock, valued at $1,356,359.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Holmes Swan bought 17,787 shares of the company’s stock in a transaction on Wednesday, January 2nd. The stock was bought at an average cost of $28.21 per share, for a total transaction of $501,771.27. Following the completion of the acquisition, the director now directly owns 289,207 shares of the company’s stock, valued at approximately $8,158,529.47. The disclosure for this purchase can be found here. Insiders own 6.22% of the company’s stock.
A number of brokerages have recently weighed in on EBAY. Citigroup cut their price objective on eBay from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. Aegis reiterated a “buy” rating and issued a $40.00 price objective (down from $44.00) on shares of eBay in a research report on Wednesday, January 2nd. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, January 30th. ValuEngine lowered eBay from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, Imperial Capital cut their price objective on eBay from $64.00 to $56.00 in a research report on Thursday, January 31st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.13.
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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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