Alhambra Investment Management LLC Invests $262,000 in eBay Inc. (NASDAQ:EBAY)

Alhambra Investment Management LLC bought a new position in shares of 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 (SEC). The fund bought 4,225 shares of the e-commerce company's stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also made changes to their positions in EBAY. Private Advisor Group LLC lifted its position in eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company's stock valued at $2,963,000 after acquiring an additional 21,636 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock valued at $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Prospera Financial Services Inc boosted its position in shares of eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock valued at $4,598,000 after purchasing an additional 62,719 shares during the period. Trustmark National Bank Trust Department purchased a new position in eBay during the 3rd quarter worth approximately $1,307,000. Finally, Nordea Investment Management AB lifted its stake in eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after buying an additional 335,035 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Up 1.7 %

EBAY traded up $1.13 during midday trading on Friday, hitting $66.19. The company's stock had a trading volume of 3,717,872 shares, compared to its average volume of 4,580,482. eBay Inc. has a 52-week low of $40.33 and a 52-week high of $71.52. The firm has a 50-day moving average price of $63.63 and a two-hundred day moving average price of $61.03. The firm has a market cap of $31.71 billion, a P/E ratio of 16.63, a PEG ratio of 2.10 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. eBay's dividend payout ratio is presently 27.14%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares of the company's stock, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 in the last ninety days. Insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on EBAY. Cantor Fitzgerald restated a "neutral" rating and issued a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. UBS Group decreased their price objective on eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Needham & Company LLC restated a "buy" rating and set a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Jefferies Financial Group cut shares of eBay from a "hold" rating to an "underperform" rating and cut their price target for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Benchmark reissued a "buy" rating and issued a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus price target of $62.83.

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.