Petrus Trust Company LTA lowered its stake in eBay Inc (NASDAQ:EBAY) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,616 shares of the e-commerce company’s stock after selling 7,734 shares during the period. eBay makes up about 2.5% of Petrus Trust Company LTA’s investment portfolio, making the stock its 14th largest holding. Petrus Trust Company LTA’s holdings in eBay were worth $14,086,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC boosted its holdings in eBay by 89.2% in the first quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock worth $560,148,000 after purchasing an additional 7,108,999 shares in the last quarter. Geode Capital Management LLC boosted its holdings in eBay by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock valued at $350,041,000 after acquiring an additional 801,529 shares during the period. Renaissance Technologies LLC boosted its holdings in eBay by 247.4% during the second quarter. Renaissance Technologies LLC now owns 11,685,728 shares of the e-commerce company’s stock valued at $461,586,000 after acquiring an additional 8,322,388 shares during the period. Northern Trust Corp boosted its holdings in eBay by 0.5% during the second quarter. Northern Trust Corp now owns 11,079,108 shares of the e-commerce company’s stock valued at $437,625,000 after acquiring an additional 53,488 shares during the period. Finally, Independent Franchise Partners LLP boosted its holdings in eBay by 1.5% during the second quarter. Independent Franchise Partners LLP now owns 10,680,122 shares of the e-commerce company’s stock valued at $421,864,000 after acquiring an additional 160,368 shares during the period. 86.17% of the stock is currently owned by institutional investors.
In other news, CEO Devin Wenig sold 10,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $39.75, for a total transaction of $397,500.00. Following the sale, the chief executive officer now directly owns 1,039,610 shares of the company’s stock, valued at $41,324,497.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew J. Murphy purchased 6,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $38.79 per share, for a total transaction of $232,740.00. The disclosure for this purchase can be found here. Insiders have sold 242,942 shares of company stock worth $10,060,557 over the last three months. 5.60% of the stock is owned by insiders.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. As a group, equities research analysts predict that eBay Inc will post 2.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. eBay’s dividend payout ratio (DPR) is currently 24.14%.
A number of research firms have issued reports on EBAY. BidaskClub cut shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Canaccord Genuity increased their target price on shares of eBay from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Credit Suisse Group increased their target price on shares of eBay from $43.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Raymond James increased their target price on shares of eBay from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, KeyCorp increased their target price on shares of eBay from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. eBay currently has a consensus rating of “Hold” and a consensus price target of $41.73.
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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