Vontobel Holding Ltd. Grows Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Vontobel Holding Ltd. raised its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 14.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,572 shares of the e-commerce company's stock after buying an additional 32,899 shares during the period. Vontobel Holding Ltd. owned about 0.05% of eBay worth $16,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company's stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. M&G Plc purchased a new stake in shares of eBay during the first quarter worth about $97,557,000. Swedbank AB purchased a new stake in shares of eBay during the first quarter worth about $73,777,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of eBay during the second quarter worth about $71,593,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Stock Down 2.3 %

eBay stock traded down $1.56 during mid-day trading on Thursday, reaching $65.36. 4,986,802 shares of the company's stock were exchanged, compared to its average volume of 5,471,633. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $67.80. The company has a fifty day moving average of $61.76 and a 200-day moving average of $55.91. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a market cap of $32.81 billion, a P/E ratio of 13.02, a P/E/G ratio of 2.59 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts' consensus estimates of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. Sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, August 30th. eBay's dividend payout ratio is presently 21.51%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research reports. Cantor Fitzgerald reissued a "neutral" rating and set a $62.00 target price on shares of eBay in a research note on Monday, October 7th. Wolfe Research began coverage on shares of eBay in a report on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Wells Fargo & Company boosted their target price on shares of eBay from $55.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. started coverage on shares of eBay in a report on Tuesday, June 25th. They issued a "neutral" rating and a $60.00 target price on the stock. Finally, Benchmark upped their price objective on shares of eBay from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, eBay presently has an average rating of "Hold" and a consensus target price of $58.48.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company's stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $66.56, for a total value of $374,400.00. Following the transaction, the chief executive officer now directly owns 553,666 shares of the company's stock, valued at $36,852,008.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,391 shares of company stock valued at $2,678,424. 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.