Baldwin Brothers Inc. MA Trims Stake in eBay Inc (NASDAQ:EBAY)

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Baldwin Brothers Inc. MA decreased its position in shares of eBay Inc (NASDAQ:EBAY) by 16.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,435 shares of the e-commerce company’s stock after selling 1,613 shares during the period. Baldwin Brothers Inc. MA’s holdings in eBay were worth $333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. grew its stake in shares of eBay by 2.6% in the first quarter. Fulton Bank N.A. now owns 10,929 shares of the e-commerce company’s stock worth $405,000 after purchasing an additional 272 shares during the last quarter. Parallel Advisors LLC boosted its position in eBay by 10.0% during the 1st quarter. Parallel Advisors LLC now owns 3,021 shares of the e-commerce company’s stock valued at $112,000 after acquiring an additional 274 shares in the last quarter. Cable Hill Partners LLC boosted its position in eBay by 64.6% during the 1st quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 295 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in eBay by 1.1% during the 1st quarter. First Allied Advisory Services Inc. now owns 33,293 shares of the e-commerce company’s stock valued at $1,243,000 after acquiring an additional 352 shares in the last quarter. Finally, Brand Asset Management Group Inc. boosted its position in eBay by 69.6% during the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 355 shares in the last quarter. Institutional investors and hedge funds own 89.00% of the company’s stock.

Several research firms have weighed in on EBAY. Benchmark lifted their price objective on eBay from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price objective on eBay from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. BMO Capital Markets lifted their price objective on eBay from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. UBS Group boosted their price target on eBay from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Piper Jaffray Companies boosted their price target on eBay from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company. eBay presently has a consensus rating of “Hold” and a consensus target price of $41.52.

Shares of EBAY opened at $39.44 on Friday. The firm has a market cap of $33.27 billion, a PE ratio of 17.00, a P/E/G ratio of 1.89 and a beta of 1.37. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.89. The firm has a fifty day simple moving average of $40.18 and a two-hundred day simple moving average of $37.84. eBay Inc has a 1-year low of $26.01 and a 1-year high of $42.00.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.19. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. As a group, research analysts forecast that eBay Inc will post 2.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be paid a $0.14 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.42%. eBay’s dividend payout ratio (DPR) is 24.14%.

In related news, SVP Kristin A. Yetto sold 6,254 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $40.85, for a total value of $255,475.90. Following the completion of the transaction, the senior vice president now owns 73,700 shares of the company’s stock, valued at approximately $3,010,645. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Devin Wenig sold 149,563 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $41.49, for a total transaction of $6,205,368.87. Following the completion of the transaction, the chief executive officer now directly owns 1,034,592 shares of the company’s stock, valued at approximately $42,925,222.08. The disclosure for this sale can be found here. Insiders sold a total of 232,942 shares of company stock valued at $9,661,957 over the last 90 days. 6.22% of the stock is currently owned by company insiders.

About 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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