Envestnet Asset Management Inc. Increases Stake in eBay Inc. (NASDAQ:EBAY)

Envestnet Asset Management Inc. raised its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,266,355 shares of the e-commerce company's stock after purchasing an additional 91,185 shares during the period. Envestnet Asset Management Inc. owned about 0.26% of eBay worth $78,451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after buying an additional 335,035 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in eBay by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after purchasing an additional 82,904 shares in the last quarter. Boston Partners grew its position in shares of eBay by 35.2% in the fourth 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 period. Amundi grew its position in shares of eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company's stock valued at $292,350,000 after purchasing an additional 677,389 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in shares of eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company's stock worth $152,451,000 after purchasing an additional 463,015 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,176 shares of company stock valued at $3,111,432. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Up 3.4 %

Shares of EBAY stock traded up $2.11 during trading hours on Friday, hitting $64.58. The company had a trading volume of 5,545,795 shares, compared to its average volume of 4,955,365. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $30.09 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company's fifty day moving average is $66.50 and its 200 day moving average is $64.93. 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. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. This is a positive change from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, March 14th. eBay's dividend payout ratio (DPR) is currently 29.07%.

Analysts Set New Price Targets

Several research firms recently issued reports on EBAY. Cantor Fitzgerald lifted their price objective on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. StockNews.com raised eBay from a "hold" rating to a "buy" rating in a research note on Wednesday. BMO Capital Markets increased their price objective on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Citigroup lifted their target price on shares of eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Benchmark increased their target price on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $65.21.

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.