Yacktman Asset Management LP Sells 15,589 Shares of eBay Inc. (NASDAQ:EBAY)

Yacktman Asset Management LP decreased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,936,343 shares of the e-commerce company's stock after selling 15,589 shares during the quarter. eBay accounts for about 1.5% of Yacktman Asset Management LP's portfolio, making the stock its 26th largest position. Yacktman Asset Management LP owned approximately 0.58% of eBay worth $157,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the 2nd quarter worth $26,000. Tortoise Investment Management LLC lifted its holdings in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC acquired a new position in shares of eBay in the 1st quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new position in shares of eBay in the 2nd quarter valued at approximately $29,000. Finally, Washington Trust Advisors Inc. bought a new stake in eBay during the 1st quarter worth approximately $30,000. Institutional investors own 87.48% of the company's stock.

eBay Stock Performance

eBay stock traded up $0.17 during midday trading on Thursday, hitting $59.12. The company's stock had a trading volume of 4,199,728 shares, compared to its average volume of 5,533,493. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $29.68 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.30 and a beta of 1.31. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $59.85. The company has a 50-day moving average price of $55.46 and a two-hundred day moving average price of $52.71.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, August 30th. eBay's dividend payout ratio is currently 21.51%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of research reports. Benchmark lifted their price target on shares of eBay from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Cantor Fitzgerald began coverage on shares of eBay in a research note on Thursday. They issued a "neutral" rating and a $62.00 target price for the company. Wells Fargo & Company lowered their target price on eBay from $57.00 to $55.00 and set an "equal weight" rating for the company in a report on Thursday, August 1st. StockNews.com upgraded eBay from a "buy" rating to a "strong-buy" rating in a report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on eBay from $60.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, eBay currently has a consensus rating of "Hold" and a consensus price target of $56.90.

Insiders Place Their Bets

In related news, SVP Edward O. Garcia sold 986 shares of the company's stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares of the company's stock, valued at $1,962,109.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the transaction, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $220,324.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the business's stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company's stock, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.