Cibc World Markets Corp Purchases 12,391 Shares of eBay Inc. (NASDAQ:EBAY)

Cibc World Markets Corp raised its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,503 shares of the e-commerce company's stock after buying an additional 12,391 shares during the quarter. Cibc World Markets Corp's holdings in eBay were worth $4,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of eBay in the 4th quarter valued at approximately $27,000. Quarry LP acquired a new position in eBay during the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the fourth quarter valued at approximately $36,000. Versant Capital Management Inc lifted its stake in eBay by 115.5% during 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 during the last quarter. Finally, Washington Trust Advisors Inc. boosted its holdings in shares of eBay by 37.8% in the 4th 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 in the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Trading Up 1.2 %

EBAY traded up $0.76 during trading on Monday, reaching $66.54. 4,208,986 shares of the stock traded hands, compared to its average volume of 4,751,980. 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 stock's 50-day moving average is $66.99 and its 200 day moving average is $64.72. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The stock has a market capitalization of $31.01 billion, a PE ratio of 16.72, a P/E/G ratio of 2.22 and a beta of 1.45.

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eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.74%. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EBAY. Wells Fargo & Company restated an "equal weight" rating on shares of eBay in a research report on Thursday, February 27th. Morgan Stanley increased their target price on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Benchmark raised their price target 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. Citigroup upped their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Bank of America cut their target price on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $65.54.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 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 sale, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is owned by corporate insiders.

About eBay

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.