eBay Inc. (NASDAQ:EBAY) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,843,478 shares of the e-commerce company's stock after selling 107,540 shares during the quarter. eBay makes up approximately 1.0% of LSV Asset Management's investment portfolio, making the stock its 17th largest position. LSV Asset Management owned approximately 1.43% of eBay worth $423,953,000 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. Wealth Enhancement Advisory Services LLC grew its holdings in eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock valued at $3,489,000 after purchasing an additional 1,063 shares during the period. Kestra Investment Management LLC boosted its stake in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after acquiring an additional 7,074 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock worth $8,800,000 after buying an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp grew its stake in eBay by 35.1% during the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in eBay in the 4th quarter valued at $8,644,000. Institutional investors and hedge funds own 87.48% of the company's stock.

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Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the transaction, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. This trade represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock valued at $3,111,432 over the last ninety days. Corporate insiders own 0.38% of the company's stock.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $0.87 during mid-day trading on Monday, hitting $65.45. 1,806,517 shares of the company were exchanged, compared to its average volume of 4,943,086. The stock has a 50 day simple moving average of $66.50 and a 200-day simple moving average of $64.93. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. 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 firm has a market cap of $30.50 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.77%. 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. eBay's payout ratio is 29.07%.

Analysts Set New Price Targets

Several equities analysts have weighed in on EBAY shares. Wells Fargo & Company decreased their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus reduced their target price on eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Cantor Fitzgerald increased their price target on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. BMO Capital Markets increased their target price on shares of eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Finally, JMP Securities restated a "market perform" rating on shares of eBay in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $65.21.

About eBay

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.