Mogy Joel R Investment Counsel Inc. Acquires New Position in eBay Inc. (NASDAQ:EBAY)

Mogy Joel R Investment Counsel Inc. acquired a new stake in eBay Inc. (NASDAQ:EBAYGet Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 803 shares of the e-commerce company’s stock, valued at approximately $53,000.

A number of other large investors have also recently made changes to their positions in EBAY. Bellevue Asset Management LLC acquired a new stake in eBay in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of eBay during the 4th quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV lifted its position in shares of eBay by 176.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 396 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 253 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of eBay during the 3rd quarter valued at approximately $28,000. Finally, Bell Investment Advisors Inc acquired a new stake in shares of eBay during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 88.99% of the company’s stock.

In related news, SVP Pete Thompson sold 2,755 shares of eBay stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $57.58, for a total transaction of $158,632.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Shares of NASDAQ EBAY traded up $0.49 during trading on Friday, hitting $46.65. 6,455,154 shares of the company traded hands, compared to its average volume of 6,951,811. eBay Inc. has a 1 year low of $45.19 and a 1 year high of $81.19. The company has a 50-day moving average price of $53.87 and a 200-day moving average price of $61.02. The firm has a market capitalization of $26.12 billion, a P/E ratio of 2.74, a P/E/G ratio of 1.52 and a beta of 1.15. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.93.

eBay (NASDAQ:EBAYGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.14). eBay had a net margin of 113.26% and a return on equity of 20.91%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was down 17.2% on a year-over-year basis. Research analysts predict that eBay Inc. will post 3.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Wednesday, June 1st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.88 annualized dividend and a dividend yield of 1.89%. eBay’s payout ratio is 5.16%.

A number of equities research analysts have recently issued reports on EBAY shares. Cowen reduced their price target on shares of eBay from $68.00 to $64.00 in a research report on Friday, February 18th. Wells Fargo & Company reduced their price target on shares of eBay from $65.00 to $58.00 in a research report on Friday, May 6th. Mizuho reduced their price target on shares of eBay from $60.00 to $50.00 in a research report on Friday, May 6th. Benchmark reduced their price target on shares of eBay from $71.00 to $67.00 in a research report on Thursday, May 5th. Finally, Argus dropped their price objective on shares of eBay from $88.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, March 22nd. Fourteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.76.

About eBay (Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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