4,198 Shares in eBay Inc. (NASDAQ:EBAY) Bought by DRW Securities LLC

DRW Securities LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,198 shares of the e-commerce company's stock, valued at approximately $260,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. Smithfield Trust Co increased its holdings in eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after buying an additional 153 shares during the period. Cypress Wealth Services LLC boosted its position in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after acquiring an additional 157 shares in the last quarter. IFP Advisors Inc increased its stake in eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock valued at $150,000 after acquiring an additional 163 shares during the period. Capital Investment Advisors LLC raised its position in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after purchasing an additional 167 shares in the last quarter. Finally, Bailard Inc. lifted its stake in eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock worth $2,147,000 after purchasing an additional 169 shares during the period. Institutional investors own 87.48% of the company's stock.

eBay Trading Up 2.6 %

NASDAQ:EBAY traded up $1.69 on Wednesday, reaching $67.19. The company's stock had a trading volume of 2,095,233 shares, compared to its average volume of 4,945,130. The firm has a market cap of $31.31 billion, a PE ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business's 50-day moving average price is $66.43 and its two-hundred day moving average price is $64.95. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61.

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eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is presently 29.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group raised their target price on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Needham & Company LLC restated a "buy" rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. Morgan Stanley increased their target price on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Susquehanna raised their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Finally, Cantor Fitzgerald boosted their target price on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Two investment 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $65.21.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction on 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 transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock valued at $3,111,432 over the last quarter. Corporate insiders own 0.38% of the company's stock.

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.