Intech Investment Management LLC Has $21.40 Million Position in eBay Inc. (NASDAQ:EBAY)

Intech Investment Management LLC raised its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 2,818.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,482 shares of the e-commerce company's stock after acquiring an additional 333,646 shares during the quarter. Intech Investment Management LLC owned about 0.07% of eBay worth $21,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Generali Asset Management SPA SGR acquired a new stake in eBay in the 4th quarter valued at about $7,266,000. Evoke Wealth LLC acquired a new stake in eBay in the 4th quarter valued at about $262,000. Tocqueville Asset Management L.P. grew its position in shares of eBay by 0.7% during the 4th quarter. Tocqueville Asset Management L.P. now owns 83,007 shares of the e-commerce company's stock worth $5,142,000 after buying an additional 611 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in shares of eBay during the 4th quarter worth approximately $61,000. Finally, TCTC Holdings LLC grew its position in shares of eBay by 0.8% during the 4th quarter. TCTC Holdings LLC now owns 73,380 shares of the e-commerce company's stock worth $4,546,000 after buying an additional 601 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EBAY shares. Morgan Stanley lifted their price target on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Wedbush started coverage on shares of eBay in a research report on Monday, December 9th. They set a "neutral" rating and a $70.00 price target for the company. Wells Fargo & Company reiterated an "equal weight" rating on shares of eBay in a research report on Thursday, February 27th. Citigroup lifted their price target 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. Finally, Jefferies Financial Group cut shares of eBay from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two investment 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $65.54.

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Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the business's stock in a transaction 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 in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. 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 stock traded down $0.56 during trading on Friday, reaching $65.78. The company's stock had a trading volume of 15,353,333 shares, compared to its average volume of 4,755,448. The business has a fifty day moving average price of $66.99 and a 200-day moving average price of $64.64. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, March 14th. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is currently 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.