Vinva Investment Management Ltd grew its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 205.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,649 shares of the e-commerce company's stock after purchasing an additional 50,844 shares during the quarter. Vinva Investment Management Ltd's holdings in eBay were worth $4,695,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay in the fourth quarter valued at approximately $27,000. Quarry LP bought a new position in eBay in the 3rd quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay during the 4th quarter valued at $36,000. Versant Capital Management Inc raised its position 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 buying an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in eBay by 37.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock valued at $52,000 after buying an additional 230 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.
eBay Trading Up 1.2 %
Shares of eBay stock traded up $0.76 during midday trading on Monday, reaching $66.54. 4,208,986 shares of the company's stock traded hands, compared to its average volume of 4,751,980. The stock has a 50 day moving average of $66.99 and a 200-day moving average of $64.72. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The company has a market cap of $31.01 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.74%. This is a boost from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay's dividend payout ratio (DPR) is currently 29.07%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Bank of America dropped their price target on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Susquehanna lifted their target price on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Stifel Nicolaus decreased their price target on shares of eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. Finally, Citigroup upped their target price 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. 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 stock. Based on data from MarketBeat, eBay has an average rating of "Hold" and an average target price of $65.54.
Check Out Our Latest Research Report on EBAY
Insider Transactions at eBay
In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on 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 in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,241 shares of company stock valued at $1,061,665. Company insiders own 0.38% of the company's stock.
eBay Profile
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Free Report)
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.
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