Moors & Cabot Inc. Invests $366,000 in eBay Inc. (NASDAQ:EBAY)

Moors & Cabot Inc. purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,906 shares of the e-commerce company's stock, valued at approximately $366,000.

Several other large investors have also recently made changes to their positions in the business. Smithfield Trust Co raised its stake in shares of eBay by 3.6% during the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after acquiring an additional 153 shares in the last quarter. Cypress Wealth Services LLC grew its holdings in shares of eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after purchasing an additional 157 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after purchasing an additional 163 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of 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 during the last quarter. Finally, Bailard Inc. grew its holdings in shares of eBay by 0.5% in 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 last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,283 shares of company stock worth $796,241. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

Shares of eBay stock traded up $1.96 during trading hours on Wednesday, reaching $67.20. 5,048,376 shares of the stock traded hands, compared to its average volume of 4,742,205. The company has a 50 day moving average price of $67.10 and a 200 day moving average price of $64.56. The firm has a market capitalization of $31.32 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend 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 1.73%. eBay's payout ratio is 29.07%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several recent analyst reports. Susquehanna lifted their price target on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Wells Fargo & Company reiterated an "equal weight" rating on shares of eBay in a report on Thursday, February 27th. Jefferies Financial Group cut shares of eBay from a "hold" rating to an "underperform" rating and cut their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Bank of America cut their price target on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price target on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average 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.