FIL Ltd grew its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,856,725 shares of the e-commerce company's stock after buying an additional 11,476 shares during the period. FIL Ltd owned about 0.39% of eBay worth $115,024,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in EBAY. Golden State Wealth Management LLC acquired a new position in eBay in the fourth quarter worth $27,000. Quarry LP bought a new position in shares of eBay in the 3rd quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay in the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. acquired a new stake in eBay during the fourth quarter worth about $40,000. Finally, Versant Capital Management Inc raised its stake in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after acquiring an additional 448 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
Insider Buying and Selling
In related news, CEO Jamie Iannone sold 7,500 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. This trade represents a 1.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the company'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 sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,176 shares of company stock worth $3,111,432. Corporate insiders own 0.38% of the company's stock.
eBay Stock Up 3.4 %
NASDAQ EBAY traded up $2.11 during trading on Friday, reaching $64.58. The company's stock had a trading volume of 5,545,795 shares, compared to its average volume of 4,955,365. 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 stock has a market capitalization of $30.09 billion, a PE ratio of 16.23, a PEG ratio of 2.22 and a beta of 1.43. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The business has a 50-day moving average price of $66.50 and a 200-day moving average price of $64.93.
eBay Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, March 14th. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is presently 29.07%.
Analyst Ratings Changes
EBAY has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Benchmark increased their price objective on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research note on Wednesday. Bank of America cut their price target on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Finally, Barclays set a $72.00 price objective on eBay and gave the stock an "overweight" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, eBay has an average rating of "Hold" and a consensus price target of $65.21.
Read Our Latest Stock Report on eBay
eBay Profile
(
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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