Burgundy Asset Management Ltd. Has $91.10 Million Stake in eBay Inc. (NASDAQ:EBAY)

Burgundy Asset Management Ltd. lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 25.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,695,824 shares of the e-commerce company’s stock after selling 589,679 shares during the period. Burgundy Asset Management Ltd. owned about 0.34% of eBay worth $91,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in shares of eBay by 7.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 51,101 shares of the e-commerce company’s stock valued at $2,229,000 after acquiring an additional 3,638 shares during the last quarter. Norges Bank acquired a new position in eBay during the 4th quarter worth about $53,019,000. UBS Group AG grew its position in shares of eBay by 19.4% in the 4th quarter. UBS Group AG now owns 1,041,540 shares of the e-commerce company’s stock valued at $45,432,000 after buying an additional 169,378 shares during the last quarter. Assetmark Inc. grew its position in shares of eBay by 54.3% in the 4th quarter. Assetmark Inc. now owns 17,774 shares of the e-commerce company’s stock valued at $775,000 after buying an additional 6,258 shares during the last quarter. Finally, Affinity Investment Advisors LLC increased its stake in shares of eBay by 3.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock valued at $414,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Down 2.6 %

eBay stock opened at $63.17 on Thursday. The firm has a market capitalization of $31.71 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. The firm’s fifty day moving average price is $57.23 and its two-hundred day moving average price is $53.88. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $64.96. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting 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 analyst estimates of $2.53 billion. On average, equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s payout ratio is 21.51%.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on EBAY shares. Jefferies Financial Group lifted their price objective on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Wells Fargo & Company reduced their price objective on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Morgan Stanley boosted their target price on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Susquehanna increased their price target on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.90.

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.