eBay Inc. (NASDAQ:EBAY) Stock Holdings Reduced by Wealthfront Advisers LLC

Wealthfront Advisers LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 44.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,297 shares of the e-commerce company's stock after selling 12,836 shares during the quarter. Wealthfront Advisers LLC's holdings in eBay were worth $1,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in eBay during the 4th quarter valued at approximately $27,000. Quarry LP acquired a new position in eBay during the 3rd quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the 4th quarter valued at approximately $36,000. Versant Capital Management Inc boosted its position in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. boosted its position in eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Stock Up 3.0 %

NASDAQ:EBAY traded up $1.96 during trading hours on Wednesday, hitting $67.20. 5,048,376 shares of the company's stock traded hands, compared to its average volume of 4,742,205. The firm has a market cap of $31.32 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. 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 stock's fifty day moving average price is $67.10 and its two-hundred day moving average price is $64.56.

Remove Ads

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.73%. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay's payout ratio is presently 29.07%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,283 shares of company stock valued at $796,241. Company insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EBAY shares. JPMorgan Chase & Co. boosted their price target on eBay from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Citigroup boosted their price target on eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Barclays set a $72.00 price target on eBay and gave the stock an "overweight" rating in a research report on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Finally, Wedbush started coverage on eBay in a research report on Monday, December 9th. They set a "neutral" rating and a $70.00 price target for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $65.54.

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.