Evergreen Capital Management LLC Acquires 5,693 Shares of eBay Inc. (NASDAQ:EBAY)

Evergreen Capital Management LLC increased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,793 shares of the e-commerce company's stock after purchasing an additional 5,693 shares during the period. Evergreen Capital Management LLC's holdings in eBay were worth $7,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bridgewater Associates LP lifted its position in eBay by 531.1% in the 4th quarter. Bridgewater Associates LP now owns 1,780,737 shares of the e-commerce company's stock worth $110,317,000 after buying an additional 1,498,566 shares during the last quarter. Portolan Capital Management LLC grew its holdings in shares of eBay by 210.2% during the 4th quarter. Portolan Capital Management LLC now owns 238,132 shares of the e-commerce company's stock valued at $14,752,000 after purchasing an additional 161,372 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in eBay in the 4th quarter worth $6,112,000. Canada Post Corp Registered Pension Plan purchased a new stake in eBay during the fourth quarter valued at about $673,000. Finally, Promethos Capital LLC grew its stake in shares of eBay by 3.6% during the fourth quarter. Promethos Capital LLC now owns 37,890 shares of the e-commerce company's stock valued at $2,347,000 after buying an additional 1,300 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on EBAY. Cantor Fitzgerald lifted their price target on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. StockNews.com lowered shares of eBay from a "buy" rating to a "hold" rating in a report on Friday. Needham & Company LLC restated a "buy" rating and set a $72.00 price target on shares of eBay in a report on Thursday, February 27th. Wells Fargo & Company dropped their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Finally, 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. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $65.13.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,310 shares of company stock worth $3,121,626. Corporate insiders own 0.38% of the company's stock.

eBay Stock Performance

NASDAQ EBAY traded down $0.42 on Monday, hitting $65.84. 943,771 shares of the company traded hands, compared to its average volume of 4,935,749. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. 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 company has a market capitalization of $30.68 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 2.22 and a beta of 1.43. The business's 50 day moving average price is $66.30 and its 200-day moving average price is $64.96.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.76%. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is currently 29.07%.

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.