FMR LLC lowered its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,945,560 shares of the e-commerce company's stock after selling 326,164 shares during the period. FMR LLC owned approximately 0.61% of eBay worth $182,477,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. M&T Bank Corp grew its holdings in eBay by 1.2% during the third quarter. M&T Bank Corp now owns 44,174 shares of the e-commerce company's stock worth $2,876,000 after acquiring an additional 540 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of eBay by 10.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 5,462 shares of the e-commerce company's stock valued at $356,000 after purchasing an additional 538 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of eBay in the third quarter valued at about $203,000. Sanctuary Advisors LLC boosted its holdings in eBay by 72.2% during the third quarter. Sanctuary Advisors LLC now owns 52,310 shares of the e-commerce company's stock worth $3,308,000 after buying an additional 21,940 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in eBay during the third quarter worth about $2,947,000. 87.48% of the stock is owned by institutional investors and hedge funds.
eBay Trading Up 2.5 %
Shares of EBAY stock traded up $1.66 on Wednesday, reaching $67.16. 1,823,208 shares of the stock were exchanged, compared to its average volume of 4,943,385. The firm has a 50 day moving average of $66.43 and a two-hundred day moving average of $64.95. The stock has a market cap of $31.29 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. 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 1-year low of $48.52 and a 1-year high of $71.61.
eBay Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.73%. eBay's dividend payout ratio (DPR) is presently 29.07%.
Insider Buying and Selling
In related news, CFO Stephen J. Priest sold 1,033 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the company's 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. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 46,176 shares of company stock valued at $3,111,432. Company insiders own 0.38% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on EBAY shares. Susquehanna boosted their price target on eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. UBS Group boosted their target price on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Benchmark raised their price target on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Citigroup lifted their price target on eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.21.
Read Our Latest Report on EBAY
About eBay
(
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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