Boston Partners Has $362.82 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Boston Partners raised its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 35.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,856,276 shares of the e-commerce company's stock after acquiring an additional 1,524,691 shares during the quarter. Boston Partners owned about 1.22% of eBay worth $362,823,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Intech Investment Management LLC lifted its stake in eBay by 2,818.9% in the fourth quarter. Intech Investment Management LLC now owns 345,482 shares of the e-commerce company's stock valued at $21,403,000 after acquiring an additional 333,646 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in eBay in the fourth quarter valued at approximately $7,266,000. Evoke Wealth LLC acquired a new stake in eBay in the fourth quarter valued at approximately $262,000. Tocqueville Asset Management L.P. lifted its stake in eBay by 0.7% in the fourth quarter. Tocqueville Asset Management L.P. now owns 83,007 shares of the e-commerce company's stock valued at $5,142,000 after acquiring an additional 611 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of eBay in the fourth quarter worth $61,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

eBay stock traded down $0.56 on Friday, hitting $65.78. The company's stock had a trading volume of 15,353,333 shares, compared to its average volume of 4,755,448. The firm has a market cap of $30.65 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. 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 fifty day moving average price of $66.99 and a 200-day moving average price of $64.64. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

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eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.76%. eBay's dividend payout ratio is presently 29.07%.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. 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 company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EBAY. Stifel Nicolaus reduced their price objective 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. Bank of America reduced their price objective on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Cantor Fitzgerald boosted their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Susquehanna boosted their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Finally, Citigroup boosted their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of "Hold" and an average 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.