Alliancebernstein L.P. Sells 78,757 Shares of eBay Inc. (NASDAQ:EBAY)

Alliancebernstein L.P. lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 586,142 shares of the e-commerce company's stock after selling 78,757 shares during the period. Alliancebernstein L.P. owned about 0.12% of eBay worth $36,311,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EBAY. Wealth Enhancement Advisory Services LLC raised its stake in shares of eBay by 2.0% during the fourth 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 period. Kestra Investment Management LLC increased its stake in eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after buying an additional 7,074 shares during the period. Van ECK Associates Corp lifted its holdings in eBay by 5,091.9% in the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock worth $8,800,000 after buying an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp boosted its position in eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after buying an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of eBay during the fourth quarter valued at about $8,644,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $72.00 price objective on shares of eBay 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 report on Wednesday. Susquehanna boosted their price objective on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Stifel Nicolaus reduced their target price on eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Barclays set a $72.00 price objective on shares of eBay and gave the stock an "overweight" 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 given a buy rating to the company. According to data from MarketBeat, eBay currently has an average rating of "Hold" and a consensus target price of $65.21.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $2.44 during trading hours on Wednesday, reaching $61.96. 10,104,100 shares of the stock were exchanged, compared to its average volume of 4,938,313. 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's fifty day simple moving average is $66.64 and its 200 day simple moving average is $64.94. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The firm has a market capitalization of $28.87 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.87%. eBay's dividend payout ratio is 29.07%.

Insider Activity

In other news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares of the company's stock, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,176 shares of company stock valued at $3,111,432. 0.38% of the stock is currently owned by corporate insiders.

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.