Achmea Investment Management B.V. Lowers Position in eBay Inc. (NASDAQ:EBAY)

Achmea Investment Management B.V. decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,115 shares of the e-commerce company's stock after selling 25,203 shares during the period. Achmea Investment Management B.V. owned approximately 0.06% of eBay worth $18,406,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in eBay by 204.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 318,280 shares of the e-commerce company's stock valued at $19,717,000 after purchasing an additional 213,650 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in eBay by 9.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,874 shares of the e-commerce company's stock valued at $178,000 after purchasing an additional 250 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in eBay by 8.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 15,306 shares of the e-commerce company's stock valued at $948,000 after purchasing an additional 1,205 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in eBay during the fourth quarter valued at about $366,000. Finally, Citizens Financial Group Inc. RI raised its position in eBay by 0.4% during the fourth quarter. Citizens Financial Group Inc. RI now owns 117,857 shares of the e-commerce company's stock valued at $7,301,000 after purchasing an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,524 shares of company stock valued at $1,390,509. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on EBAY. Susquehanna raised their price target on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Stifel Nicolaus decreased their price objective on eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Benchmark lifted their price objective on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of eBay in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on eBay from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $65.54.

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eBay Stock Performance

eBay stock opened at $65.13 on Thursday. The stock's 50 day simple moving average is $66.85 and its two-hundred day simple moving average is $64.33. 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 stock has a market cap of $30.35 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.22 and a beta of 1.45. 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.78%. This is a boost from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay's payout ratio is presently 29.07%.

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.

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