Harel Insurance Investments & Financial Services Ltd. Boosts Stake in eBay Inc (NASDAQ:EBAY)
Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of eBay Inc (NASDAQ:EBAY) by 1,347.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,114 shares of the e-commerce company’s stock after buying an additional 15,932 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in eBay were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Chemical Bank lifted its holdings in eBay by 87.9% during the second quarter. Chemical Bank now owns 29,621 shares of the e-commerce company’s stock worth $1,170,000 after buying an additional 13,856 shares during the period. Harrington Investments INC lifted its holdings in eBay by 5.2% during the second quarter. Harrington Investments INC now owns 26,591 shares of the e-commerce company’s stock worth $1,050,000 after buying an additional 1,310 shares during the period. Capital Asset Advisory Services LLC purchased a new stake in eBay during the second quarter worth $351,000. WINTON GROUP Ltd lifted its holdings in eBay by 10.2% during the second quarter. WINTON GROUP Ltd now owns 905,851 shares of the e-commerce company’s stock worth $35,781,000 after buying an additional 84,212 shares during the period. Finally, BB&T Securities LLC lifted its holdings in eBay by 1.2% during the second quarter. BB&T Securities LLC now owns 299,227 shares of the e-commerce company’s stock worth $11,819,000 after buying an additional 3,575 shares during the period. Institutional investors own 89.28% of the company’s stock.
Several brokerages have recently commented on EBAY. DA Davidson increased their price objective on eBay to $47.00 and gave the company a “reduce” rating in a report on Thursday, July 18th. Macquarie set a $44.00 price objective on eBay and gave the company a “hold” rating in a report on Thursday, September 26th. Stifel Nicolaus reiterated a “hold” rating and set a $42.00 price objective on shares of eBay in a report on Sunday, October 20th. Deutsche Bank reiterated a “neutral” rating and set a $42.00 price objective on shares of eBay in a report on Tuesday, October 22nd. Finally, ValuEngine lowered eBay from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. eBay currently has a consensus rating of “Hold” and a consensus price target of $42.46.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. eBay had a return on equity of 44.15% and a net margin of 18.33%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. On average, sell-side analysts predict that eBay Inc will post 2.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.60%. eBay’s dividend payout ratio (DPR) is 24.14%.
In related news, CEO Devin Wenig sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total value of $398,600.00. Following the completion of the transaction, the chief executive officer now owns 1,022,419 shares in the company, valued at approximately $40,753,621.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.60% of the company’s stock.
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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