APG Asset Management N.V. purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 267,900 shares of the e-commerce company's stock, valued at approximately $16,027,000. APG Asset Management N.V. owned approximately 0.06% of eBay at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Golden State Wealth Management LLC purchased a new stake in shares of eBay in the fourth quarter worth $27,000. Quarry LP purchased a new position in eBay in the 3rd quarter worth approximately $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay in the fourth quarter worth $36,000. Lee Danner & Bass Inc. purchased a new stake in eBay in the 4th quarter worth $40,000. Finally, Versant Capital Management Inc grew its holdings in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after buying an additional 448 shares in the last quarter. 87.48% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on EBAY shares. JPMorgan Chase & Co. decreased their price target on shares of eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Susquehanna lifted their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Morgan Stanley lifted their price target on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. UBS Group raised their price target on shares of eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, eBay presently has a consensus rating of "Hold" and an average price target of $65.21.
Check Out Our Latest Report on EBAY
eBay Stock Performance
Shares of EBAY stock traded up $0.97 on Monday, hitting $65.55. The company had a trading volume of 1,427,771 shares, compared to its average volume of 4,941,949. The firm has a market cap of $30.55 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a 50-day moving average price of $66.50 and a 200-day moving average price of $64.93. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.
eBay Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is currently 29.07%.
Insider Transactions at eBay
In other news, 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 transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at $39,153,665.80. This represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the business's 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 completion of the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock valued at $3,111,432 in the last 90 days. 0.38% of the stock is currently owned by company insiders.
About eBay
(
Free Report)
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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