Erste Asset Management GmbH Has $4.59 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Erste Asset Management GmbH boosted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 168.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,183 shares of the e-commerce company's stock after purchasing an additional 45,300 shares during the period. Erste Asset Management GmbH's holdings in eBay were worth $4,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EBAY. Nordea Investment Management AB grew its position in shares of eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after acquiring an additional 335,035 shares during the period. Victory Capital Management Inc. grew its position in shares of eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after acquiring an additional 82,904 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of eBay by 4.1% in the 3rd 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 valued at $354,695,000 after acquiring an additional 216,162 shares during the period. Amundi grew its position in shares of eBay by 16.8% in the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company's stock valued at $292,350,000 after acquiring an additional 677,389 shares during the period. Finally, Smead Capital Management Inc. grew its position in shares of eBay by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company's stock valued at $242,584,000 after acquiring an additional 125,708 shares during the period. Institutional investors own 87.48% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on EBAY shares. JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 target price on shares of eBay in a report on Thursday, February 27th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Susquehanna lifted their target price on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Finally, Benchmark lifted their target price on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $65.54.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the business'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 value of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,283 shares of company stock worth $796,241. 0.38% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ:EBAY traded up $1.96 during midday trading on Wednesday, hitting $67.20. The stock had a trading volume of 5,934,670 shares, compared to its average volume of 4,745,736. The company's 50-day moving average price is $67.10 and its 200-day moving average price is $64.56. The company has a market capitalization of $31.32 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. eBay's payout ratio is presently 29.07%.

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.