eBay Inc. (NASDAQ:EBAY) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,028 shares of the e-commerce company's stock after purchasing an additional 17,730 shares during the period. Treasurer of the State of North Carolina owned approximately 0.05% of eBay worth $15,179,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of eBay in the 4th quarter valued at $96,214,000. Boston Partners lifted its holdings in shares of eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after purchasing an additional 1,524,691 shares during the last quarter. Amundi raised its holdings in eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company's stock worth $292,350,000 after purchasing an additional 677,389 shares in the last quarter. Norges Bank purchased a new stake in shares of eBay in the 4th quarter worth about $40,805,000. Finally, Bank of Montreal Can lifted its holdings in shares of eBay by 87.3% during the 4th quarter. Bank of Montreal Can now owns 1,302,141 shares of the e-commerce company's stock worth $80,668,000 after acquiring an additional 606,845 shares during the period. Institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The shares were 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 of the company's stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay 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 sale, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,176 shares of company stock worth $3,111,432 in the last 90 days. Corporate insiders own 0.38% of the company's stock.

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eBay Stock Up 2.4 %

Shares of NASDAQ EBAY traded up $1.55 during trading hours on Wednesday, hitting $67.05. The stock had a trading volume of 2,684,842 shares, compared to its average volume of 5,445,586. The company has a market capitalization of $31.25 billion, a P/E ratio of 16.85, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The firm's 50-day moving average price is $66.43 and its two-hundred day moving average price is $64.95.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is 29.07%.

Analysts Set New Price Targets

EBAY has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Susquehanna upped their price objective on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Cantor Fitzgerald upped their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Barclays set a $72.00 price target on shares of eBay and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus lowered 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. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $65.21.

eBay Company 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.