eBay Inc. (NASDAQ:EBAY) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,021 shares of the e-commerce company’s stock after selling 817 shares during the quarter. Twin Capital Management Inc.’s holdings in eBay were worth $437,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of eBay by 5.4% during the first quarter. BlackRock Inc. now owns 48,038,931 shares of the e-commerce company’s stock valued at $2,131,487,000 after acquiring an additional 2,464,766 shares during the last quarter. State Street Corp raised its holdings in shares of eBay by 0.5% during the first quarter. State Street Corp now owns 23,068,197 shares of the e-commerce company’s stock valued at $1,023,530,000 after acquiring an additional 122,838 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of eBay by 39.8% during the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after acquiring an additional 3,534,030 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of eBay by 0.6% during the first quarter. Geode Capital Management LLC now owns 11,666,600 shares of the e-commerce company’s stock valued at $516,516,000 after acquiring an additional 74,088 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of eBay by 2.7% during the third quarter. Nordea Investment Management AB now owns 11,167,875 shares of the e-commerce company’s stock valued at $495,407,000 after acquiring an additional 289,071 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EBAY shares. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. UBS Group increased their price target on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Morgan Stanley raised eBay from an “underweight” rating to an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group started coverage on eBay in a report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.21.

Insider Activity at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

eBay Trading Up 0.9 %

EBAY opened at $50.39 on Friday. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $52.93. The business has a fifty day simple moving average of $49.23 and a 200-day simple moving average of $44.25. The firm has a market cap of $26.10 billion, a P/E ratio of 9.65, a P/E/G ratio of 2.02 and a beta of 1.33. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the business posted $0.87 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts expect that eBay Inc. will post 3.69 earnings per share for the current year.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. eBay’s dividend payout ratio (DPR) is 20.69%.

eBay declared that its board has initiated a share buyback plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.