Unigestion Holding SA Takes $3.72 Million Position in eBay Inc. (NASDAQ:EBAY)

Unigestion Holding SA purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 60,000 shares of the e-commerce company's stock, valued at approximately $3,717,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Smithfield Trust Co grew its holdings in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after purchasing an additional 153 shares during the period. Cypress Wealth Services LLC raised its position 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 valued at $216,000 after purchasing an additional 157 shares during the period. IFP Advisors Inc increased its position in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock valued at $150,000 after buying an additional 163 shares during the period. Capital Investment Advisors LLC raised its position 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 buying an additional 167 shares in the last quarter. Finally, Bailard Inc. raised its position in eBay by 0.5% in the 4th 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.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on 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 directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares of the company's stock, valued at $39,153,665.80. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,176 shares of company stock worth $3,111,432 in the last ninety days. 0.38% of the stock is owned by insiders.

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eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.52 during midday trading on Thursday, reaching $62.48. 3,793,684 shares of the company traded hands, compared to its average volume of 4,934,345. eBay Inc. has a 12 month low of $48.52 and a 12 month 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. The firm has a market capitalization of $29.12 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The firm's fifty day moving average price is $66.64 and its two-hundred day moving average price is $64.94.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.86%. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay's dividend payout ratio is presently 29.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EBAY shares. JPMorgan Chase & Co. reduced their price target on shares of eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday. Barclays set a $72.00 price objective on shares of eBay and gave the company an "overweight" rating in a report on Thursday, February 27th. Stifel Nicolaus dropped their price objective on shares of eBay from $64.00 to $63.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price target on eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Two research 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. Based on data from MarketBeat.com, eBay currently has an average rating of "Hold" and an average price target of $65.21.

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.