14,333 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Allstate Corp

Allstate Corp purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,333 shares of the e-commerce company's stock, valued at approximately $888,000.

A number of other hedge funds have also recently made changes to their positions in EBAY. Wellington Management Group LLP purchased a new position in eBay in the 3rd quarter worth approximately $105,506,000. Raymond James Financial Inc. bought a new position in shares of eBay during the 4th quarter valued at $96,214,000. Boston Partners raised its position in eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after purchasing an additional 1,524,691 shares during the period. Amundi lifted its stake in eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company's stock worth $292,350,000 after purchasing an additional 677,389 shares during the last quarter. Finally, Norges Bank purchased a new stake in eBay during the fourth quarter valued at about $40,805,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on EBAY. 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. Citigroup lifted their price target on eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. BMO Capital Markets boosted their price objective on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Morgan Stanley raised their target price on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, UBS Group upped their price target on shares of eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, eBay presently has a consensus rating of "Hold" and an average price target of $65.46.

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eBay Stock Down 6.0 %

Shares of NASDAQ:EBAY traded down $3.96 during midday trading on Friday, reaching $62.40. The company's stock had a trading volume of 8,338,448 shares, compared to its average volume of 4,879,330. 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 50 day moving average of $67.26 and a 200-day moving average of $65.03. The firm has a market capitalization of $29.08 billion, a P/E ratio of 15.68, a PEG ratio of 2.22 and a beta of 1.43. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.86%. eBay's dividend payout ratio (DPR) is currently 29.07%.

Insider Activity

In related news, CFO Stephen J. Priest sold 28,060 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,676 shares of company stock worth $2,613,807. Insiders own 0.38% of the company's stock.

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.