Investors Buy eBay (EBAY) on Weakness

Investors purchased shares of eBay Inc (NASDAQ:EBAY) on weakness during trading on Friday. $344.83 million flowed into the stock on the tick-up and $37.95 million flowed out of the stock on the tick-down, for a money net flow of $306.88 million into the stock. Of all stocks tracked, eBay had the 7th highest net in-flow for the day. eBay traded down ($0.05) for the day and closed at $36.30

Several equities analysts recently commented on EBAY shares. BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Morgan Stanley downgraded shares of eBay from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $55.00 to $33.00 in a research note on Wednesday, December 12th. ValuEngine upgraded shares of eBay from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Wells Fargo & Co decreased their price target on shares of eBay from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, December 21st. Finally, Aegis restated a “buy” rating and issued a $40.00 price target (down from $44.00) on shares of eBay in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. eBay has a consensus rating of “Hold” and an average price target of $39.13.

The firm has a market capitalization of $33.19 billion, a P/E ratio of 15.65, a PEG ratio of 1.77 and a beta of 1.36. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.60 and a current ratio of 1.60.

eBay (NASDAQ:EBAY) last posted its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. As a group, equities analysts anticipate that eBay Inc will post 2.15 earnings per share for the current fiscal year.

The business also recently announced a Not Available dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 28th. eBay’s dividend payout ratio (DPR) is currently 24.14%.

In other eBay news, Director Robert Holmes Swan acquired 17,787 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was acquired at an average price of $28.21 per share, for a total transaction of $501,771.27. Following the acquisition, the director now directly owns 289,207 shares in the company, valued at $8,158,529.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 10,185 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $34.30, for a total transaction of $349,345.50. Following the completion of the transaction, the vice president now owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The disclosure for this sale can be found here. 6.22% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Gravity Companies Inc. bought a new position in eBay in the 4th quarter valued at approximately $42,000. DNB Asset Management AS raised its holdings in eBay by 760.6% in the 4th quarter. DNB Asset Management AS now owns 2,196,053 shares of the e-commerce company’s stock valued at $61,643,000 after buying an additional 1,940,887 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in eBay by 5.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 401,589 shares of the e-commerce company’s stock valued at $11,273,000 after buying an additional 19,015 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in eBay by 34.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 270,862 shares of the e-commerce company’s stock valued at $7,603,000 after buying an additional 69,226 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in eBay by 74.8% in the 3rd quarter. Nordea Investment Management AB now owns 17,883,506 shares of the e-commerce company’s stock valued at $590,516,000 after buying an additional 7,651,060 shares during the last quarter. Institutional investors and hedge funds own 85.99% of the company’s stock.

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About eBay (NASDAQ:EBAY)

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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