eBay Inc. (NASDAQ:EBAY) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lessened its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 57.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,415 shares of the e-commerce company's stock after selling 10,176 shares during the period. iA Global Asset Management Inc.'s holdings in eBay were worth $459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EBAY. Golden State Wealth Management LLC purchased a new stake in eBay during the fourth quarter worth $27,000. Quarry LP acquired a new position in shares of eBay in the third quarter worth about $36,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay during the 4th quarter worth about $36,000. Versant Capital Management Inc grew its position in shares of 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 during the period. Finally, Washington Trust Advisors Inc. grew its position in shares of eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock valued at $52,000 after acquiring an additional 230 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Ratings Changes

EBAY has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Bank of America dropped their price target on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Wedbush initiated coverage on shares of eBay in a research report on Monday, December 9th. They set a "neutral" rating and a $70.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of eBay from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of eBay in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of "Hold" and an average target price of $65.54.

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Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This 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 90 days. 0.38% of the stock is owned by company insiders.

eBay Trading Down 0.1 %

EBAY stock traded down $0.07 during midday trading on Tuesday, hitting $66.47. 1,324,660 shares of the company's stock were exchanged, compared to its average volume of 4,751,862. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $30.97 billion, a PE ratio of 16.71, a P/E/G ratio of 2.22 and a beta of 1.45. The business has a 50-day simple moving average of $67.01 and a two-hundred day simple moving average of $64.77.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is presently 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.