BI Asset Management Fondsmaeglerselskab A S Purchases 144,427 Shares of eBay Inc. (NASDAQ:EBAY)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 27.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 662,849 shares of the e-commerce company's stock after purchasing an additional 144,427 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.14% of eBay worth $41,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in eBay in the 4th quarter valued at $27,000. New Wave Wealth Advisors LLC bought a new stake in eBay during the fourth quarter worth about $36,000. Lee Danner & Bass Inc. bought a new stake in shares of eBay during the 4th quarter worth approximately $40,000. Versant Capital Management Inc raised its position in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in shares of eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock worth $52,000 after buying an additional 230 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,310 shares of company stock worth $3,121,626. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

Shares of NASDAQ:EBAY traded down $0.33 during midday trading on Wednesday, reaching $66.72. The company had a trading volume of 3,012,395 shares, compared to its average volume of 4,948,408. The stock has a market cap of $31.09 billion, a P/E ratio of 16.76, a P/E/G ratio of 2.22 and a beta of 1.43. The company's 50 day moving average price is $66.21 and its 200 day moving average price is $64.97. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. 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 declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is currently 29.07%.

Analyst Ratings Changes

EBAY has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. BMO Capital Markets lifted their target price on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Citigroup raised their price target on shares of eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Benchmark increased their price target on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $72.00 price target on shares of eBay in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $64.83.

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.