Harvest Fund Management Co. Ltd increased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 331.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,475 shares of the e-commerce company's stock after purchasing an additional 17,263 shares during the period. Harvest Fund Management Co. Ltd's holdings in eBay were worth $1,388,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the fourth quarter worth $27,000. Quarry LP purchased a new stake in eBay in the 3rd quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay during the 4th quarter worth about $36,000. Versant Capital Management Inc grew its stake in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in shares of eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
Insider Activity
In other news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the business'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 approximately $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 ninety days, insiders have sold 16,241 shares of company stock worth $1,061,665. Company insiders own 0.38% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on EBAY shares. Bank of America decreased their price target on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. UBS Group lifted their target price on shares of eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Citigroup upped their price target on shares of eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Barclays set a $72.00 price objective on eBay and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, eBay currently has a consensus rating of "Hold" and a consensus price target of $65.54.
View Our Latest Stock Analysis on EBAY
eBay Stock Performance
Shares of EBAY traded up $0.76 during mid-day trading on Monday, hitting $66.54. The company's stock had a trading volume of 4,208,986 shares, compared to its average volume of 4,751,980. The stock's 50-day moving average is $66.99 and its two-hundred day moving average is $64.72. The firm has a market capitalization of $31.01 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. 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 one year low of $48.52 and a one year high of $71.61.
eBay Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.29 dividend. This is a boost 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 is 29.07%.
eBay Company Profile
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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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