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M&T Bank Corp increases its position in eBay Inc. shares. (NASDAQ:EBAY)


M&T Bank Corp increased its stake in eBay Inc., according to Holdings Channel. (NASDAQ:EBAY – Free Report) up 0.6% in the fourth quarter. The institutional investor owned 48,235 shares of the e-commerce company’s stock after acquiring an additional 284 shares during the period. At the end of the last quarter, M&T Bank Corp’s eBay stock was worth $2,105,000.

Other institutional investors and hedge funds have also recently modified their holdings in the company. In the third quarter, Cambridge Investment Research Advisors Inc. increased its engagement on eBay by 3.6%. Cambridge Investment Research Advisors Inc. now owns 48,186 shares of the e-commerce company’s stock valued at $2,125,000 after acquiring an additional 1,658 shares in the last quarter. During the third quarter, Raymond James Financial Services Advisors Inc. increased its position on eBay by 3.6%. Raymond James Financial Services Advisors Inc. now owns 147,661 shares of the e-commerce company’s stock valued at $6,510,000 after purchasing an additional 5,149 shares in the last quarter. Stratos Wealth Partners LTD. increased its position on eBay by 109.7% in the third quarter. Stratos Wealth Partners LTD. now owns 10,263 shares of the e-commerce company’s stock valued at $453,000 after purchasing an additional 5,370 shares in the last quarter. Mackenzie Financial Corp increased its holdings in eBay by 8.2% during the third quarter. Mackenzie Financial Corp now owns 120,934 shares of the e-commerce company’s stock valued at $5,141,000 after purchasing an additional 9,170 shares during the period. Finally, during the third quarter, Strs Ohio acquired a new listing on eBay worth approximately $1,200,000. Institutional investors and hedge funds hold 87.48% of the company’s shares.

Insider Activity on eBay

In other eBay news, Vice President Marie Oh Huber sold 49,070 shares of the company’s stock on Friday, May 3. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. In other eBay news, VP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, Vice President Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction amount of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The announcement of this sale can be found here. Insiders own 0.21% of the company’s shares.

Changes in analyst ratings

Many stock analysts have commented on the stock recently. On Friday, May 3, StockNews.com downgraded eBay shares from “buy” to “hold”. UBS Group increased their target price on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Morgan Stanley lowered their target price on eBay from $62.00 to $61.00 and set an “overweight” rating for the stock in a research note on Thursday, May 2. TD Cowen raised their target price on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, May 2. Finally, Susquehanna raised their target price on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. One analyst rated the company’s shares with a sell recommendation, eleven gave a hold recommendation, and seven gave a buy recommendation. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.45.

Check out our latest analysis of the eBay stock

eBay stock performance

On Friday, eBay shares closed at $50.34. The company has a debt to equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. eBay Inc. it has a 12 month low of $37.17 and a 12 month high of $52.93. The company has a fifty-day moving average price of $51.13 and a two-hundred-day moving average price of $45.05. The company has a market capitalization of $25.47 billion, a PE ratio of 10.03, a P/E/G ratio of 1.93 and a beta of 1.31.

eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company saw EPS of $1.25 for the quarter, $0.05 above the consensus estimate of $1.20. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the company saw an EPS of $0.87. The company’s quarterly revenues increased by 1.8% year-on-year. Analysts expect eBay Inc. will see 3.75 earnings per share for the current year.

eBay said its board of directors initiated a stock repurchase program on Tuesday, February 27, which allows the company to repurchase $2.00 billion in stock. This repurchase authority allows the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Share repurchase programs typically indicate that a company’s management believes its shares are undervalued.

eBay announces dividend

Recently, the company also declared a quarterly dividend, which will be paid on Friday, June 14. Record investors will receive a $0.27 dividend on Friday, May 31. This translates into an annual dividend of $1.08 and a dividend yield of 2.15%. The ex-dividend date is Thursday, May 30. eBay’s Dividend Payout Ratio (DPR) is 21.51%.

Company profile on eBay

(free report)

eBay Inc., together with its subsidiaries, operates marketplaces that connect buyers and sellers in the United States, United Kingdom, China, Germany and around the world. The company’s marketplace includes an online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile applications.

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Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for eBay Inc. (NASDAQ:EBAY – Free Report).

Institutional ownership by quarter for eBay (NASDAQ:EBAY)



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