Convergence Investment Partners LLC Has $1.12 Million Holdings in eBay Inc (NASDAQ:EBAY)

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Convergence Investment Partners LLC lifted its position in shares of eBay Inc (NASDAQ:EBAY) by 13.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,338 shares of the e-commerce company’s stock after purchasing an additional 2,507 shares during the quarter. Convergence Investment Partners LLC’s holdings in eBay were worth $1,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. APG Asset Management N.V. grew its holdings in shares of eBay by 13.7% during the first quarter. APG Asset Management N.V. now owns 1,753,988 shares of the e-commerce company’s stock valued at $52,725,000 after buying an additional 211,194 shares during the last quarter. FDx Advisors Inc. lifted its position in shares of eBay by 380.5% during the first quarter. FDx Advisors Inc. now owns 26,643 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 21,098 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of eBay by 126.3% during the first quarter. Tower Research Capital LLC TRC now owns 19,985 shares of the e-commerce company’s stock valued at $600,000 after purchasing an additional 11,154 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of eBay by 2.0% during the second quarter. Boston Trust Walden Corp now owns 141,157 shares of the e-commerce company’s stock valued at $7,404,000 after purchasing an additional 2,775 shares in the last quarter. Finally, Symmetry Partners LLC bought a new position in shares of eBay during the second quarter valued at about $234,000. Institutional investors own 92.53% of the company’s stock.

NASDAQ:EBAY traded up $0.56 during mid-day trading on Friday, hitting $55.28. 8,942,293 shares of the stock traded hands, compared to its average volume of 9,885,240. The business’s 50-day moving average price is $53.69 and its 200 day moving average price is $41.41. The company has a market cap of $38.69 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.47 and a beta of 1.40. eBay Inc has a 12-month low of $26.02 and a 12-month high of $61.06. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 2.95.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, July 28th. The e-commerce company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.90 by $0.18. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.80 billion. eBay had a net margin of 46.91% and a return on equity of 77.65%. eBay’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Analysts anticipate that eBay Inc will post 2.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.64 annualized dividend and a yield of 1.16%. eBay’s dividend payout ratio is currently 27.59%.

In related news, CFO Andrew John Cring sold 23,240 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total transaction of $999,320.00. Following the completion of the transaction, the chief financial officer now owns 117,919 shares of the company’s stock, valued at $5,070,517. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.02% of the stock is currently owned by insiders.

A number of research analysts recently weighed in on EBAY shares. Deutsche Bank raised their price target on shares of eBay from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. They noted that the move was a valuation call. Cfra lowered shares of eBay from a “hold” rating to a “sell” rating in a research report on Monday, May 11th. Benchmark raised their price target on shares of eBay from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Jefferies Financial Group raised shares of eBay from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $30.00 to $52.00 in a research report on Wednesday, June 10th. Finally, Royal Bank of Canada lifted their price objective on shares of eBay from $45.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $57.71.

eBay Company 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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