Elo Mutual Pension Insurance Co increased its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,833 shares of the e-commerce company's stock after acquiring an additional 7,520 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in eBay were worth $3,211,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of eBay during the fourth quarter valued at $27,000. Quarry LP acquired a new stake in shares of eBay in the third quarter worth $36,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay during the 4th quarter worth about $36,000. Lee Danner & Bass Inc. purchased a new position in eBay in the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc lifted its stake in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after purchasing an additional 448 shares in the last quarter. 87.48% of the stock is owned by institutional investors.
eBay Trading Up 0.8 %
Shares of NASDAQ:EBAY traded up $0.57 during trading on Monday, hitting $67.73. The company had a trading volume of 5,533,345 shares, compared to its average volume of 4,858,933. The company has a fifty day simple moving average of $67.11 and a two-hundred day simple moving average of $64.95. The stock has a market cap of $31.56 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is 29.07%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Wedbush began coverage on eBay in a research note on Monday, December 9th. They issued a "neutral" rating and a $70.00 price objective for the company. JPMorgan Chase & Co. raised their price target on eBay from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Benchmark boosted their target price on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Finally, BMO Capital Markets boosted their target price on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.54.
View Our Latest Stock Report on EBAY
Insider Buying and Selling at eBay
In other news, CFO Stephen J. Priest sold 1,033 shares of eBay 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on 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 owns 530,998 shares of the company's stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock worth $1,061,665 over the last quarter. Insiders own 0.38% of the company's stock.
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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