PGGM Investments Makes New $1.72 Million Investment in eBay Inc. (NASDAQ:EBAY)

PGGM Investments purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 32,511 shares of the e-commerce company’s stock, valued at approximately $1,716,000.

A number of other institutional investors have also made changes to their positions in the business. Washington Trust Advisors Inc. acquired a new stake in eBay in the 1st quarter valued at approximately $30,000. LRI Investments LLC bought a new position in eBay during the first quarter worth $29,000. American National Bank raised its stake in eBay by 200.0% during the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Jones Financial Companies Lllp raised its stake in eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in eBay in the 1st quarter valued at $43,000. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Down 0.1 %

EBAY stock traded down $0.03 during trading on Friday, hitting $56.20. The company had a trading volume of 5,578,664 shares, compared to its average volume of 4,263,694. The firm has a 50-day moving average price of $53.72 and a 200-day moving average price of $50.18. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $57.68. The company has a quick ratio of 1.99, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.58 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. As a group, analysts predict that eBay Inc. will post 3.73 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EBAY shares. JPMorgan Chase & Co. initiated coverage on shares of eBay in a research report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective for the company. Evercore ISI lifted their price objective on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday. The Goldman Sachs Group boosted their price objective on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research report on Friday. Bank of America lifted their price target on shares of eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, TD Cowen increased their price objective on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.25.

Insider Buying and Selling

In related news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the sale, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at $220,324.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The disclosure for this sale can be found here. Insiders sold a total of 10,488 shares of company stock valued at $565,910 over the last ninety days. Insiders own 0.38% of the company’s stock.

eBay Profile

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.