Ostrum Asset Management decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 14.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 69,993 shares of the e-commerce company's stock after selling 11,709 shares during the period. Ostrum Asset Management's holdings in eBay were worth $4,336,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new position in shares of eBay during the 4th quarter worth about $27,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay during the fourth quarter valued at approximately $36,000. Lee Danner & Bass Inc. acquired a new position in eBay in the 4th quarter worth $40,000. Versant Capital Management Inc boosted its holdings in eBay by 115.5% in the fourth 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 last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in shares of 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 buying an additional 230 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.
Analysts Set New Price Targets
EBAY has been the subject of several research analyst reports. Benchmark boosted their price objective on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Susquehanna boosted their target price on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. dropped their target price on shares of eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $64.83.
Check Out Our Latest Stock Analysis on EBAY
Insider Buying and Selling
In other eBay news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,310 shares of company stock valued at $3,121,626. Company insiders own 0.38% of the company's stock.
eBay Trading Up 0.6 %
Shares of eBay stock traded up $0.42 on Thursday, reaching $67.05. 1,929,949 shares of the company were exchanged, compared to its average volume of 4,947,210. The stock has a fifty day moving average price of $66.14 and a 200-day moving average price of $64.98. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $31.24 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.
eBay Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is 29.07%.
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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