AXQ Capital LP Has $703,000 Position in eBay Inc. (NASDAQ:EBAY)

AXQ Capital LP lowered its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 54.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,355 shares of the e-commerce company's stock after selling 13,774 shares during the period. AXQ Capital LP's holdings in eBay were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in eBay in the 3rd quarter worth approximately $105,506,000. Raymond James Financial Inc. acquired a new position in eBay during the fourth quarter valued at approximately $96,214,000. Boston Partners raised its position in shares of eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after purchasing an additional 1,524,691 shares during the period. Amundi lifted its stake in shares of 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 buying an additional 677,389 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of eBay by 23.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company's stock worth $152,451,000 after buying an additional 463,015 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EBAY shares. Needham & Company LLC reissued a "buy" rating and set a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Stifel Nicolaus cut their price target on eBay from $64.00 to $63.00 and set a "hold" rating for the company in a report on Thursday, February 27th. StockNews.com upgraded shares of eBay from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Benchmark boosted their price target on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Barclays set a $72.00 target price on eBay and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Two research 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 MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus price target of $65.54.

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Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the company'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 sale, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following 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. In the last three months, insiders have sold 16,241 shares of company stock worth $1,061,665. Insiders own 0.38% of the company's stock.

eBay Stock Up 1.9 %

NASDAQ EBAY traded up $1.23 during trading on Thursday, hitting $66.81. The stock had a trading volume of 3,592,377 shares, compared to its average volume of 4,732,299. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. 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 company's 50-day moving average price is $67.05 and its two-hundred day moving average price is $64.83. The company has a market capitalization of $31.13 billion, a PE ratio of 16.79, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.74%. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is 29.07%.

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.