Blueshift Asset Management LLC Has $477,000 Stake in eBay Inc. (NASDAQ:EBAY)

Blueshift Asset Management LLC cut its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 67.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,697 shares of the e-commerce company's stock after selling 16,005 shares during the quarter. Blueshift Asset Management LLC's holdings in eBay were worth $477,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Teacher Retirement System of Texas lifted its holdings in eBay by 61.2% in the fourth quarter. Teacher Retirement System of Texas now owns 171,975 shares of the e-commerce company's stock worth $10,654,000 after acquiring an additional 65,313 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of eBay by 9.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 219,401 shares of the e-commerce company's stock worth $13,592,000 after purchasing an additional 19,221 shares during the last quarter. Generali Investments Management Co LLC acquired a new position in eBay during the 4th quarter valued at approximately $690,000. Harvest Fund Management Co. Ltd grew its stake in eBay by 331.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 22,475 shares of the e-commerce company's stock worth $1,388,000 after buying an additional 17,263 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its holdings in shares of eBay by 205.0% during the fourth quarter. Vinva Investment Management Ltd now owns 75,649 shares of the e-commerce company's stock valued at $4,695,000 after acquiring an additional 50,844 shares during the period. 87.48% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

EBAY has been the topic of several recent research reports. Stifel Nicolaus cut their price objective on shares of eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Jefferies Financial Group cut eBay from a "hold" rating to an "underperform" rating and cut their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. BMO Capital Markets raised their target price on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Wedbush assumed coverage on eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 target price on the stock. Finally, Benchmark increased their price target on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.54.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was 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 of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is owned by corporate insiders.

eBay Trading Down 0.4 %

EBAY traded down $0.24 during trading on Tuesday, reaching $66.30. The company had a trading volume of 4,083,981 shares, compared to its average volume of 4,751,862. The firm's 50-day simple moving average is $67.01 and its 200 day simple moving average is $64.77. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $30.90 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.75%. 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.