Generali Asset Management SPA SGR Invests $7.27 Million in eBay Inc. (NASDAQ:EBAY)

Generali Asset Management SPA SGR acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 117,291 shares of the e-commerce company's stock, valued at approximately $7,266,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC acquired a new position in eBay in the 4th quarter valued at $27,000. Quarry LP acquired a new position in eBay in the third quarter valued at $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay in the fourth quarter valued at $36,000. Versant Capital Management Inc boosted 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 buying an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock worth $52,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insiders Place Their Bets

In other eBay 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 transaction of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock valued at $1,061,665 over the last quarter. Insiders own 0.38% of the company's stock.

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Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on eBay from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Jefferies Financial Group lowered eBay from a "hold" rating to an "underperform" rating and reduced their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. StockNews.com upgraded eBay from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Stifel Nicolaus cut their price target on shares of eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, BMO Capital Markets increased their price target on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $65.54.

eBay Stock Down 0.8 %

Shares of eBay stock traded down $0.56 during trading on Friday, hitting $65.78. 15,353,333 shares of the stock traded hands, compared to its average volume of 4,754,177. The stock has a market cap of $30.65 billion, a P/E ratio of 16.53, a PEG ratio of 2.22 and a beta of 1.45. The company has a fifty day moving average price of $66.99 and a two-hundred day moving average price of $64.68. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is currently 29.07%.

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.