Markston International LLC Reduces Stock Position in eBay Inc (NASDAQ:EBAY)
Markston International LLC trimmed its position in eBay Inc (NASDAQ:EBAY) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,719 shares of the e-commerce company’s stock after selling 4,890 shares during the quarter. Markston International LLC’s holdings in eBay were worth $5,020,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Baupost Group LLC MA increased its holdings in shares of eBay by 60.5% in the 1st quarter. Baupost Group LLC MA now owns 32,086,000 shares of the e-commerce company’s stock valued at $964,505,000 after acquiring an additional 12,091,030 shares during the last quarter. Nordea Investment Management AB grew its stake in eBay by 53.1% during the 2nd quarter. Nordea Investment Management AB now owns 22,314,546 shares of the e-commerce company’s stock worth $1,162,588,000 after buying an additional 7,736,826 shares during the last quarter. FMR LLC grew its stake in eBay by 136.3% during the 2nd quarter. FMR LLC now owns 18,491,744 shares of the e-commerce company’s stock worth $969,892,000 after buying an additional 10,666,647 shares during the last quarter. Geode Capital Management LLC grew its stake in eBay by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 11,510,268 shares of the e-commerce company’s stock worth $345,550,000 after buying an additional 158,304 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in eBay by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,793,258 shares of the e-commerce company’s stock worth $513,657,000 after buying an additional 726,128 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.
EBAY has been the subject of a number of recent research reports. Bank of America upped their price objective on eBay from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Morgan Stanley upped their price objective on eBay from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Royal Bank of Canada upped their price objective on eBay from $45.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Wedbush restated a “buy” rating on shares of eBay in a research note on Friday. Finally, Stifel Nicolaus boosted their price target on eBay from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $58.15.
Shares of eBay stock traded down $0.02 on Friday, reaching $48.62. 566,959 shares of the company were exchanged, compared to its average volume of 12,108,604. The firm has a market capitalization of $34.04 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.35. eBay Inc has a fifty-two week low of $26.02 and a fifty-two week high of $61.06. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.81. The stock has a fifty day moving average price of $54.96 and a 200-day moving average price of $45.92.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.18. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.80 billion. eBay had a return on equity of 77.65% and a net margin of 46.91%. eBay’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. On average, equities analysts anticipate that eBay Inc will post 3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Monday, August 31st. eBay’s payout ratio is currently 27.59%.
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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