Banco Santander S.A. Cuts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Banco Santander S.A. decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 64.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,932 shares of the e-commerce company's stock after selling 7,241 shares during the period. Banco Santander S.A.'s holdings in eBay were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EBAY. Nordea Investment Management AB boosted its stake in shares of eBay by 3.8% during 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 purchasing an additional 335,035 shares in the last quarter. Victory Capital Management Inc. increased its position in eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after acquiring an additional 82,904 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of eBay by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company's stock valued at $354,695,000 after acquiring an additional 216,162 shares during the last quarter. Smead Capital Management Inc. lifted its holdings in shares of eBay by 3.5% during the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company's stock worth $242,584,000 after purchasing an additional 125,708 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of eBay by 23.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company's stock worth $152,451,000 after purchasing an additional 463,015 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

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Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company's stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,524 shares of company stock worth $1,390,509 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

eBay Stock Performance

Shares of eBay stock traded up $0.13 on Wednesday, reaching $65.35. 2,647,408 shares of the company traded hands, compared to its average volume of 4,827,497. The company has a 50 day moving average of $66.79 and a 200 day moving average of $64.32. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. 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 $30.45 billion, a PE ratio of 16.45, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.29 dividend. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, March 14th. eBay's dividend payout ratio (DPR) is currently 29.07%.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group lifted their target price on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Bank of America decreased their target price on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. JMP Securities restated a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Stifel Nicolaus lowered their target price on shares of eBay from $64.00 to $63.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Jefferies Financial Group cut shares of eBay from a "hold" rating to an "underperform" rating and cut their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $65.54.

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.