Bank of Montreal Can Grows Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Bank of Montreal Can boosted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 87.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,302,141 shares of the e-commerce company's stock after acquiring an additional 606,845 shares during the quarter. Bank of Montreal Can owned 0.27% of eBay worth $80,668,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Smithfield Trust Co grew its holdings in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after purchasing an additional 153 shares during the period. Cypress Wealth Services LLC grew its stake in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after acquiring an additional 157 shares during the period. IFP Advisors Inc raised its position in eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after acquiring an additional 163 shares during the period. Capital Investment Advisors LLC raised its position in eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after acquiring an additional 167 shares during the period. Finally, Bailard Inc. lifted its holdings in eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock valued at $2,147,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

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eBay Trading Up 3.4 %

NASDAQ EBAY traded up $2.11 during trading on Friday, hitting $64.58. The stock had a trading volume of 5,545,795 shares, compared to its average volume of 4,955,365. 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 company has a market capitalization of $30.09 billion, a PE ratio of 16.23, a PEG ratio of 2.22 and a beta of 1.43. The firm has a 50 day moving average price of $66.50 and a 200 day moving average price of $64.93. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. This is a boost from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.80%. eBay's dividend payout ratio (DPR) is 29.07%.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 7,500 shares of the business'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 sale, the chief executive officer now owns 590,108 shares in the company, valued at $39,153,665.80. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock worth $3,111,432 in the last 90 days. Corporate insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and set a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Benchmark boosted their price objective on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Morgan Stanley raised their target price on eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Bank of America lowered their price target on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price objective on eBay from $64.00 to $63.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Two research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $65.21.

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.