Generali Investments Management Co LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Generali Investments Management Co LLC purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,142 shares of the e-commerce company's stock, valued at approximately $690,000.

A number of other large investors also recently modified their holdings of the business. Oppenheimer & Co. Inc. acquired a new position in eBay during the third quarter worth about $256,000. Natixis Advisors LLC grew its holdings in eBay by 10.7% during the third quarter. Natixis Advisors LLC now owns 443,462 shares of the e-commerce company's stock worth $28,874,000 after acquiring an additional 42,790 shares during the period. LMR Partners LLP acquired a new position in eBay during the third quarter worth about $247,000. Pathstone Holdings LLC grew its holdings in eBay by 2.2% during the third quarter. Pathstone Holdings LLC now owns 79,177 shares of the e-commerce company's stock worth $5,155,000 after acquiring an additional 1,696 shares during the period. Finally, Caprock Group LLC grew its holdings in eBay by 15.4% during the third quarter. Caprock Group LLC now owns 60,771 shares of the e-commerce company's stock worth $3,957,000 after acquiring an additional 8,116 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EBAY. Benchmark lifted their price target on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com raised eBay from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. BMO Capital Markets lifted their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. 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. Finally, UBS Group lifted their price target on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, eBay currently has a consensus rating of "Hold" and an average price target of $65.54.

Remove Ads

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % 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 1,033 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock valued at $1,061,665 over the last three months. Insiders own 0.38% of the company's stock.

eBay Stock Performance

Shares of EBAY traded down $0.56 during mid-day trading on Friday, reaching $65.78. The company's stock had a trading volume of 15,353,333 shares, compared to its average volume of 4,754,177. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. 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 business has a 50-day simple moving average of $66.99 and a two-hundred day simple moving average of $64.68. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

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