Geode Capital Management LLC Has $778.23 Million Position in eBay Inc. (NASDAQ:EBAY)

Geode Capital Management LLC lifted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,584,067 shares of the e-commerce company's stock after purchasing an additional 20,431 shares during the period. Geode Capital Management LLC owned about 2.63% of eBay worth $778,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB grew its position in eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock worth $573,220,000 after buying an additional 335,035 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock worth $367,767,000 after acquiring an additional 82,904 shares during the last quarter. Boston Partners raised its position in shares of eBay by 35.2% during the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock worth $362,823,000 after purchasing an additional 1,524,691 shares during the period. Amundi lifted its holdings in shares of eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company's stock valued at $292,350,000 after purchasing an additional 677,389 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of eBay by 23.2% in the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company's stock valued at $152,451,000 after purchasing an additional 463,015 shares during the period. 87.48% of the stock is currently owned by institutional investors.

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Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the company's stock in a transaction on 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 directly owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,676 shares of company stock worth $2,613,807 over the last three months. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Cantor Fitzgerald boosted their price objective on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. BMO Capital Markets upped their price target on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Morgan Stanley raised their price objective on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Wells Fargo & Company cut their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $65.46.

eBay Stock Performance

EBAY stock traded down $3.96 during mid-day trading on Friday, reaching $62.40. 8,338,448 shares of the stock traded hands, compared to its average volume of 4,879,330. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average of $67.26 and a two-hundred day moving average of $65.03. The firm has a market capitalization of $29.08 billion, a PE ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, March 14th. 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.