HighTower Advisors LLC Lowers Stock Position in eBay Inc. (NASDAQ:EBAY)

HighTower Advisors LLC decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 120,057 shares of the e-commerce company's stock after selling 7,885 shares during the period. HighTower Advisors LLC's holdings in eBay were worth $7,438,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter valued at about $27,000. Quarry LP bought a new stake in shares of eBay in the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay in the 4th quarter valued at about $36,000. Versant Capital Management Inc boosted its holdings in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after buying an additional 448 shares in 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 purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Price Performance

NASDAQ EBAY traded down $0.56 on Friday, hitting $65.78. The company had a trading volume of 15,353,333 shares, compared to its average volume of 4,755,448. The company has a market capitalization of $30.65 billion, a PE ratio of 16.53, a PEG ratio of 2.22 and a beta of 1.45. The company's fifty day moving average price is $66.99 and its 200-day moving average price is $64.64. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

Remove Ads

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.76%. The ex-dividend date is 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

A number of analysts recently commented on EBAY shares. Wedbush started coverage on shares of eBay in a research note on Monday, December 9th. They issued a "neutral" rating and a $70.00 target price for the company. Susquehanna lifted their target price on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. BMO Capital Markets lifted their target price on shares of eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Jefferies Financial Group cut shares of eBay from a "hold" rating to an "underperform" rating and lowered their target price for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Monday, December 16th. 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 company's stock. According to MarketBeat, eBay has an average rating of "Hold" and a consensus price target of $65.54.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,958 shares of eBay 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is owned by corporate insiders.

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.