Farringdon Capital Ltd. Invests $269,000 in eBay Inc. (NASDAQ:EBAY)

Farringdon Capital Ltd. acquired a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,342 shares of the e-commerce company's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pine Valley Investments Ltd Liability Co acquired a new position in eBay during the third quarter worth $203,000. World Investment Advisors LLC purchased a new stake in shares of eBay in the 3rd quarter valued at approximately $2,947,000. Arvest Bank Trust Division purchased a new stake in eBay during the 3rd quarter worth about $9,716,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of eBay during the 3rd quarter worth about $241,000. Finally, Tidal Investments LLC raised its holdings in eBay by 7.5% during the third quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock worth $4,376,000 after purchasing an additional 4,677 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Cantor Fitzgerald lifted their price target on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. StockNews.com cut eBay from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Barclays set a $72.00 target price on shares of eBay and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Susquehanna upped their price target on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, Stifel Nicolaus lowered their price target on eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $64.92.

eBay Stock Down 1.3 %

Shares of NASDAQ EBAY traded down $0.89 on Wednesday, hitting $66.16. The company had a trading volume of 2,107,532 shares, compared to its average volume of 4,945,748. The business has a 50 day moving average of $66.21 and a two-hundred day moving average of $64.97. The firm has a market capitalization of $30.83 billion, a P/E ratio of 16.62, a PEG ratio of 2.22 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This is a positive change from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, March 14th. eBay's dividend payout ratio (DPR) is currently 29.07%.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the firm's 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 transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,310 shares of company stock valued at $3,121,626. Insiders own 0.38% of the company's stock.

eBay 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.