eBay Inc. (NASDAQ:EBAY) Shares Acquired by Aviva PLC

Aviva PLC raised its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 380.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,395 shares of the e-commerce company's stock after purchasing an additional 233,964 shares during the quarter. Aviva PLC owned about 0.06% of eBay worth $18,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Resona Asset Management Co. Ltd. acquired a new position in shares of eBay in the fourth quarter valued at about $9,210,000. Smith Moore & CO. lifted its stake in eBay by 8.9% during the 4th quarter. Smith Moore & CO. now owns 3,406 shares of the e-commerce company's stock valued at $211,000 after acquiring an additional 279 shares during the period. Pitcairn Co. increased its stake in shares of eBay by 0.8% in the fourth quarter. Pitcairn Co. now owns 73,572 shares of the e-commerce company's stock worth $4,558,000 after acquiring an additional 576 shares during the period. ExodusPoint Capital Management LP raised its holdings in shares of eBay by 206.4% during the fourth quarter. ExodusPoint Capital Management LP now owns 149,819 shares of the e-commerce company's stock worth $9,281,000 after purchasing an additional 100,926 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its position in eBay by 14.0% during the fourth quarter. Motley Fool Asset Management LLC now owns 25,560 shares of the e-commerce company's stock valued at $1,583,000 after purchasing an additional 3,137 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

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Analyst Ratings Changes

Several analysts recently commented on EBAY shares. Wells Fargo & Company dropped their target price on eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. 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 report on Thursday, February 27th. UBS Group upped their price objective on shares of eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Barclays set a $72.00 target price on eBay and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets increased their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Two 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, the stock has an average rating of "Hold" and a consensus price target of $65.21.

eBay Trading Up 3.4 %

Shares of EBAY stock traded up $2.10 during trading hours on Friday, hitting $64.57. The company had a trading volume of 2,082,984 shares, compared to its average volume of 4,934,387. The company's fifty day moving average is $66.55 and its 200 day moving average is $64.92. 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 current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $30.09 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is 29.07%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,033 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was 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 of the company's stock, valued at approximately $4,225,644.40. This 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 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,176 shares of company stock valued at $3,111,432 in the last ninety days. Company insiders own 0.38% of the company's stock.

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.