Evoke Wealth LLC Invests $262,000 in eBay Inc. (NASDAQ:EBAY)

Evoke Wealth LLC bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,236 shares of the e-commerce company's stock, valued at approximately $262,000.

A number of other large investors have also recently modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in eBay during the 4th quarter valued at approximately $27,000. Quarry LP bought a new stake in shares of eBay in the 3rd quarter valued at $36,000. New Wave Wealth Advisors LLC bought a new position in eBay during the fourth quarter worth $36,000. Versant Capital Management Inc lifted 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 buying an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. boosted its position in eBay by 37.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock valued at $52,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Stock Up 1.2 %

Shares of EBAY stock traded up $0.76 on Monday, hitting $66.54. The stock had a trading volume of 4,208,986 shares, compared to its average volume of 4,751,980. 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 business has a 50 day moving average of $66.99 and a 200 day moving average of $64.72. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

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eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.74%. eBay's dividend payout ratio (DPR) is 29.07%.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded eBay from a "hold" rating to an "underperform" rating and dropped their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Monday, December 16th. BMO Capital Markets raised their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 target price on the stock. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and an average target price of $65.54.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $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 a total of 16,241 shares of company stock valued at $1,061,665 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.