denkapparat Operations GmbH Takes $258,000 Position in eBay Inc. (NASDAQ:EBAY)

denkapparat Operations GmbH bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,170 shares of the e-commerce company's stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in eBay by 17.9% in the 3rd quarter. Townsquare Capital LLC now owns 22,675 shares of the e-commerce company's stock valued at $1,476,000 after buying an additional 3,450 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 acquiring an additional 216,162 shares during the last quarter. Public Sector Pension Investment Board boosted its position in eBay by 9.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company's stock worth $1,273,000 after purchasing an additional 1,700 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in eBay during the 3rd quarter valued at $4,486,000. Finally, Atlantic Union Bankshares Corp grew its position in shares of eBay by 7.1% during the third quarter. Atlantic Union Bankshares Corp now owns 49,616 shares of the e-commerce company's stock worth $3,230,000 after buying an additional 3,273 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

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eBay Stock Performance

eBay stock traded up $0.57 during mid-day trading on Monday, reaching $67.73. 5,533,345 shares of the company traded hands, compared to its average volume of 4,858,933. The company has a market capitalization of $31.56 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm's fifty day moving average is $67.11 and its two-hundred day moving average is $64.95. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, March 14th. eBay's payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EBAY. BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Stifel Nicolaus decreased their target price on eBay from $64.00 to $63.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. Finally, Jefferies Financial Group lowered shares of eBay from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of "Hold" and a consensus target price of $65.54.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company's stock, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock valued at $1,061,665 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

eBay Company 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.