American Trust Makes New $793,000 Investment in eBay Inc. (NASDAQ:EBAY)

American Trust bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 1st quarter, Holdings Channel.com reports. The firm bought 15,020 shares of the e-commerce company’s stock, valued at approximately $793,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of eBay by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after purchasing an additional 1,141,288 shares during the period. LSV Asset Management lifted its stake in shares of eBay by 1.5% in the 1st quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company’s stock valued at $289,681,000 after purchasing an additional 83,493 shares during the period. Harris Associates L P lifted its stake in shares of eBay by 0.7% in the 4th quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company’s stock valued at $199,660,000 after purchasing an additional 30,545 shares during the period. Finally, Lyrical Asset Management LP lifted its stake in shares of eBay by 1.7% in the 4th quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company’s stock valued at $170,349,000 after purchasing an additional 65,132 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

eBay stock traded down $0.03 during trading on Friday, hitting $56.20. The stock had a trading volume of 5,578,664 shares, compared to its average volume of 4,263,694. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. The stock’s 50 day moving average is $53.72 and its two-hundred day moving average is $50.24. eBay Inc. has a 1 year low of $37.17 and a 1 year 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.

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

eBay Dividend Announcement

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

Wall Street Analyst Weigh In

EBAY has been the subject of a number of research analyst reports. Barclays boosted their target price on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. initiated coverage on eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price for the company. Mizuho boosted their target price on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Citigroup boosted their target price on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.25.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,488 shares of company stock worth $565,910. Corporate insiders own 0.38% of the company’s stock.

eBay Company 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.