Beutel Goodman & Co Ltd. Sells 15,000 Shares of eBay Inc. (NASDAQ:EBAY)

Beutel Goodman & Co Ltd. lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,025,770 shares of the e-commerce company's stock after selling 15,000 shares during the period. eBay comprises 2.4% of Beutel Goodman & Co Ltd.'s portfolio, making the stock its 6th largest holding. Beutel Goodman & Co Ltd. owned 1.47% of eBay worth $435,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock worth $573,220,000 after purchasing an additional 335,035 shares during the last quarter. Victory Capital Management Inc. increased its position in eBay by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock worth $367,767,000 after purchasing an additional 82,904 shares during the last quarter. Boston Partners raised its stake in eBay by 35.2% during the fourth 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of eBay by 4.1% during the 3rd 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 buying an additional 216,162 shares during the period. Finally, Amundi increased its holdings in shares of eBay by 16.8% during the 4th 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. 87.48% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on EBAY shares. BMO Capital Markets boosted their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Wells Fargo & Company restated an "equal weight" rating on shares of eBay in a research note on Thursday, February 27th. Benchmark increased their price objective on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Finally, Wedbush assumed coverage on shares of eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 target price for the company. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.54.

Insider Activity

In related news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock worth $1,061,665 in the last three months. 0.38% of the stock is owned by insiders.

eBay Stock Up 0.8 %

EBAY traded up $0.57 on Monday, reaching $67.73. 5,533,345 shares of the company traded hands, compared to its average volume of 4,858,933. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock's 50 day moving average price is $67.11 and its 200-day moving average price is $64.95. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This is a positive change from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Friday, March 14th. eBay's dividend payout ratio is presently 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.