Security National Trust Co. Acquires 345 Shares of eBay Inc (NASDAQ:EBAY)

Security National Trust Co. increased its holdings in shares of eBay Inc (NASDAQ:EBAY) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,572 shares of the e-commerce company’s stock after buying an additional 345 shares during the period. Security National Trust Co.’s holdings in eBay were worth $813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Nuveen Asset Management LLC raised its stake in shares of eBay by 1,128.3% during the second quarter. Nuveen Asset Management LLC now owns 11,368,581 shares of the e-commerce company’s stock worth $449,059,000 after buying an additional 10,443,045 shares during the last quarter. Renaissance Technologies LLC increased its stake in eBay by 247.4% in 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 purchasing an additional 8,322,388 shares in the last quarter. FMR LLC increased its stake in eBay by 89.2% in the first quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after purchasing an additional 7,108,999 shares in the last quarter. Marshall Wace LLP bought a new stake in eBay in the first quarter valued at approximately $79,086,000. Finally, Panagora Asset Management Inc. increased its stake in eBay by 835.3% in the second quarter. Panagora Asset Management Inc. now owns 2,371,109 shares of the e-commerce company’s stock valued at $93,659,000 after purchasing an additional 2,117,595 shares in the last quarter. 86.22% of the stock is owned by institutional investors and hedge funds.

In other eBay news, Director Matthew J. Murphy bought 6,000 shares of eBay stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $38.79 per share, for a total transaction of $232,740.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian J. Doerger sold 19,014 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $41.38, for a total transaction of $786,799.32. Following the transaction, the chief accounting officer now owns 24,844 shares of the company’s stock, valued at approximately $1,028,044.72. The disclosure for this sale can be found here. Insiders have sold 242,942 shares of company stock valued at $10,060,557 in the last three months. 5.60% of the stock is owned by insiders.



EBAY has been the subject of several recent analyst reports. BidaskClub downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. DA Davidson upped their target price on shares of eBay to $47.00 and gave the company a “reduce” rating in a research note on Thursday, July 18th. UBS Group downgraded shares of eBay from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Wednesday, September 4th. Credit Suisse Group upped 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. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $36.00 target price on shares of eBay in a research note on Tuesday, July 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. eBay has an average rating of “Hold” and an average target price of $41.73.

Shares of EBAY stock traded down $0.69 during trading hours on Tuesday, hitting $39.56. 5,444,919 shares of the company were exchanged, compared to its average volume of 9,880,971. The business has a 50 day moving average of $40.10 and a two-hundred day moving average of $38.54. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.89. eBay Inc has a 52 week low of $26.01 and a 52 week high of $42.00. The company has a market capitalization of $33.24 billion, a PE ratio of 17.05, a PEG ratio of 1.93 and a beta of 1.37.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. eBay had a net margin of 22.12% and a return on equity of 36.67%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. On average, research analysts forecast that eBay Inc will post 2.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is 24.14%.

About eBay

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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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