eBay Inc (EBAY) Position Raised by Sumitomo Mitsui Asset Management Company LTD

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Sumitomo Mitsui Asset Management Company LTD increased its position in shares of eBay Inc (NASDAQ:EBAY) by 7.1% in the 1st quarter, Holdings Channel reports. The firm owned 67,575 shares of the e-commerce company’s stock after acquiring an additional 4,461 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in eBay were worth $2,509,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EBAY. Baupost Group LLC MA purchased a new position in eBay during the fourth quarter worth about $589,470,000. Nordea Investment Management AB boosted its stake in eBay by 10.5% during the fourth quarter. Nordea Investment Management AB now owns 19,769,574 shares of the e-commerce company’s stock worth $554,934,000 after buying an additional 1,886,068 shares during the period. Boston Partners boosted its stake in eBay by 73.8% during the first quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock worth $613,397,000 after buying an additional 7,015,365 shares during the period. Geode Capital Management LLC boosted its stake 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 worth $350,041,000 after buying an additional 801,529 shares during the period. Finally, Lindsell Train Ltd boosted its stake in eBay by 0.3% during the first quarter. Lindsell Train Ltd now owns 8,873,900 shares of the e-commerce company’s stock worth $329,399,000 after buying an additional 23,000 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

EBAY has been the subject of several research analyst reports. BidaskClub lowered shares of eBay from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 12th. Benchmark reaffirmed a “buy” rating and set a $42.00 target price (up previously from $41.00) on shares of eBay in a research note on Wednesday, January 30th. Citigroup reaffirmed a “buy” rating and set a $42.00 target price (up previously from $41.00) on shares of eBay in a research note on Wednesday, January 30th. Bank of America reaffirmed a “neutral” rating and set a $38.00 target price (up previously from $34.00) on shares of eBay in a research note on Wednesday, January 23rd. Finally, Barclays increased their target price on shares of eBay to $46.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.12.

In related news, CFO Scott F. Schenkel sold 89,707 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $38.50, for a total value of $3,453,719.50. Following the sale, the chief financial officer now owns 273,283 shares of the company’s stock, valued at $10,521,395.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kristin A. Yetto sold 27,512 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $38.34, for a total transaction of $1,054,810.08. Following the completion of the sale, the senior vice president now directly owns 98,856 shares in the company, valued at approximately $3,790,139.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,043 shares of company stock worth $5,837,431. 6.22% of the stock is owned by corporate insiders.

NASDAQ EBAY opened at $36.90 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.48. eBay Inc has a one year low of $26.01 and a one year high of $40.86. The company has a market capitalization of $32.16 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34.

eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.58 billion. eBay had a net margin of 24.43% and a return on equity of 31.26%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Equities research analysts anticipate that eBay Inc will post 2.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Saturday, June 1st will be issued a $0.14 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.56 annualized dividend and a yield of 1.52%. eBay’s dividend payout ratio (DPR) is 24.14%.

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eBay Profile

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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