eBay Inc (EBAY) Position Reduced by Osborne Partners Capital Management LLC
Osborne Partners Capital Management LLC cut its stake in eBay Inc (NASDAQ:EBAY) by 31.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,050 shares of the e-commerce company’s stock after selling 64,682 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in eBay were worth $5,127,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 worth $7,603,000 after purchasing an additional 69,226 shares in the last quarter. 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 worth $61,643,000 after purchasing an additional 1,940,887 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in eBay in the 4th quarter worth $42,000. Semmax Financial Advisors Inc. bought a new position in eBay in the 4th quarter worth $124,000. Finally, 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 worth $11,273,000 after purchasing an additional 19,015 shares in the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.
In related news, VP Brian J. Doerger sold 10,185 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $34.30, for a total transaction of $349,345.50. Following the sale, the vice president now directly owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.22% of the company’s stock.
Shares of eBay stock traded up $1.85 during trading on Wednesday, hitting $38.52. The company’s stock had a trading volume of 19,737,233 shares, compared to its average volume of 12,614,660. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $31.37 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.76 and a beta of 1.35. eBay Inc has a 52 week low of $26.01 and a 52 week high of $41.28.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.04. eBay had a net margin of 23.54% and a return on equity of 27.40%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the business earned $0.53 EPS. eBay’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that eBay Inc will post 2.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Saturday, June 1st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.45%. eBay’s dividend payout ratio (DPR) is 24.14%.
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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