eBay Inc. (NASDAQ:EBAY) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,130 shares of the e-commerce company's stock after selling 3,936 shares during the quarter. Corient Private Wealth LLC's holdings in eBay were worth $11,655,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Nordea Investment Management AB grew its holdings in shares of eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock worth $573,220,000 after buying an additional 335,035 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of 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 buying an additional 82,904 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of eBay by 4.1% during the third 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 worth $354,695,000 after buying an additional 216,162 shares in the last quarter. Amundi grew its holdings in shares of eBay by 16.8% during the fourth 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 in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company's stock worth $152,451,000 after buying an additional 463,015 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

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Analyst Ratings Changes

EBAY has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Susquehanna upped their price objective on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Morgan Stanley upped their price objective on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Finally, JMP Securities reissued a "market perform" rating on shares of eBay in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $65.54.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm's 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 sale, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock valued at $1,061,665 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

eBay Stock Down 0.8 %

Shares of EBAY traded down $0.56 during mid-day trading on Friday, hitting $65.78. 15,353,333 shares of the company's stock were exchanged, compared to its average volume of 4,754,177. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock's 50-day moving average is $66.99 and its 200-day moving average is $64.68.

eBay Increases Dividend

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

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.