Canada Post Corp Registered Pension Plan Invests $673,000 in eBay Inc. (NASDAQ:EBAY)

Canada Post Corp Registered Pension Plan bought a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,864 shares of the e-commerce company's stock, valued at approximately $673,000.

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

eBay Trading Up 1.2 %

eBay stock traded up $0.79 during mid-day trading on Friday, hitting $66.26. The company's stock had a trading volume of 3,338,503 shares, compared to its average volume of 4,948,774. The business has a 50 day moving average price of $66.30 and a 200-day moving average price of $64.96. 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 12 month low of $48.52 and a 12 month high of $71.61. The stock has a market cap of $30.88 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is 29.07%.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock worth $3,121,626 in the last ninety days. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

EBAY has been the subject of a number of recent research reports. 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. Needham & Company LLC reissued a "buy" rating and set a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. Wells Fargo & Company reduced their target price on eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Citigroup boosted their price objective on shares of eBay from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Barclays set a $72.00 target price on shares of eBay and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $65.13.

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.