Crux Wealth Advisors Invests $368,000 in eBay Inc. (NASDAQ:EBAY)

Crux Wealth Advisors acquired a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,945 shares of the e-commerce company's stock, valued at approximately $368,000.

Several other institutional investors have also modified their holdings of the company. M&T Bank Corp boosted its holdings in eBay by 1.2% in the third quarter. M&T Bank Corp now owns 44,174 shares of the e-commerce company's stock valued at $2,876,000 after purchasing an additional 540 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of eBay by 10.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,462 shares of the e-commerce company's stock worth $356,000 after buying an additional 538 shares during the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in shares of eBay in the 3rd quarter valued at $203,000. Sanctuary Advisors LLC grew its position in shares of eBay by 72.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,310 shares of the e-commerce company's stock valued at $3,308,000 after buying an additional 21,940 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of eBay in the 3rd quarter valued at $2,947,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

Shares of EBAY traded down $0.57 on Tuesday, reaching $65.50. The stock had a trading volume of 3,518,842 shares, compared to its average volume of 4,955,211. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The firm has a market capitalization of $30.52 billion, a PE ratio of 16.46, a PEG ratio of 2.22 and a beta of 1.43. The firm has a 50-day moving average of $66.47 and a 200 day moving average of $64.94. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

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eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.29 dividend. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.77%. eBay's dividend payout ratio is 29.07%.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at $39,153,665.80. This trade represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock worth $3,111,432 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a research report on Monday, December 16th. 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 report on Thursday, February 27th. UBS Group increased their price target on shares of eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Stifel Nicolaus dropped their price objective on shares of eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Finally, Morgan Stanley upped their target price on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, eBay currently has an average rating of "Hold" and an average price target of $65.21.

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.