Proficio Capital Partners LLC Takes $8.64 Million Position in eBay Inc. (NASDAQ:EBAY)

Proficio Capital Partners LLC purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 139,537 shares of the e-commerce company's stock, valued at approximately $8,644,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after purchasing an additional 335,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of eBay by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company's stock valued at $354,695,000 after purchasing an additional 216,162 shares in the last quarter. Smead Capital Management Inc. lifted its holdings in eBay by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company's stock worth $242,584,000 after purchasing an additional 125,708 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in eBay by 23.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company's stock worth $152,451,000 after purchasing an additional 463,015 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in eBay by 4.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company's stock worth $117,009,000 after purchasing an additional 73,351 shares during the period. Institutional investors own 87.48% of the company's stock.

eBay Stock Down 0.2 %

NASDAQ:EBAY traded down $0.12 during mid-day trading on Wednesday, reaching $66.55. The company's stock had a trading volume of 4,965,431 shares, compared to its average volume of 4,872,727. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $31.01 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The stock has a fifty day moving average of $66.31 and a 200-day moving average of $63.98. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.74%. eBay's dividend payout ratio (DPR) is currently 29.07%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,524 shares of company stock valued at $1,390,509 over the last ninety days. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

EBAY has been the topic of a number of recent analyst reports. Barclays set a $72.00 price target on shares of eBay and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price target on shares of eBay from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of eBay from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. UBS Group boosted their price target on shares of eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Finally, Cantor Fitzgerald raised their price target on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and an average target price of $65.54.

About eBay

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.