OVERSEA CHINESE BANKING Corp Ltd acquired a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,902 shares of the e-commerce company's stock, valued at approximately $242,000.
Several other hedge funds have also recently made changes to their positions in EBAY. ProVise Management Group LLC boosted its holdings in eBay by 2.8% in the fourth quarter. ProVise Management Group LLC now owns 144,599 shares of the e-commerce company's stock valued at $8,958,000 after acquiring an additional 3,958 shares in the last quarter. Xponance Inc. increased its position in shares of eBay by 5.9% during the fourth quarter. Xponance Inc. now owns 86,190 shares of the e-commerce company's stock valued at $5,339,000 after buying an additional 4,813 shares during the period. Boston Partners raised its stake in eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after buying an additional 1,524,691 shares in the last quarter. Intech Investment Management LLC lifted its holdings in eBay by 2,818.9% in the fourth quarter. Intech Investment Management LLC now owns 345,482 shares of the e-commerce company's stock worth $21,403,000 after buying an additional 333,646 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new position in shares of eBay during the 4th quarter worth approximately $7,266,000. 87.48% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at eBay
In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
EBAY has been the topic of several research reports. Wedbush began coverage on shares of eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 price objective on the stock. BMO Capital Markets upped their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Citigroup increased their price objective on shares of eBay from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a report on Friday, February 28th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $65.54.
Check Out Our Latest Stock Analysis on EBAY
eBay Price Performance
Shares of EBAY traded down $0.24 during mid-day trading on Tuesday, reaching $66.30. The stock had a trading volume of 4,083,981 shares, compared to its average volume of 4,751,862. The business has a fifty day moving average of $67.01 and a 200 day moving average of $64.77. The firm has a market cap of $30.90 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.
eBay Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is presently 29.07%.
About eBay
(
Free Report)
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.
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