Independent Advisor Alliance Sells 10,942 Shares of eBay Inc. (NASDAQ:EBAY)

Independent Advisor Alliance decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,849 shares of the e-commerce company's stock after selling 10,942 shares during the quarter. Independent Advisor Alliance's holdings in eBay were worth $1,168,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP purchased a new stake in shares of eBay during the third quarter valued at $105,506,000. Raymond James Financial Inc. purchased a new stake in shares of eBay during the fourth quarter valued at $96,214,000. 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. Allianz Asset Management GmbH lifted its holdings in shares of eBay by 23.2% during the fourth 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 last quarter. Finally, DJE Kapital AG purchased a new stake in shares of eBay during the fourth quarter valued at $26,833,000. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Trading Up 3.0 %

Shares of NASDAQ:EBAY traded up $1.96 during midday trading on Wednesday, hitting $67.20. The company had a trading volume of 5,048,376 shares, compared to its average volume of 4,742,205. eBay Inc. has a 12 month low of $48.52 and a 12 month 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 cap of $31.32 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.45. The firm has a fifty day simple moving average of $67.10 and a 200 day simple moving average of $64.56.

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eBay Increases Dividend

The business also recently declared 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 is a positive change from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, March 14th. eBay's dividend payout ratio (DPR) is currently 29.07%.

Analyst Ratings Changes

Several research firms recently weighed in on EBAY. Jefferies Financial Group lowered eBay from a "hold" rating to an "underperform" rating and dropped their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Benchmark upped their target price on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com raised eBay from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Finally, Wedbush initiated coverage on eBay in a research report on Monday, December 9th. They issued a "neutral" rating and a $70.00 target price on the stock. 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 company's stock. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and an average price target of $65.54.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated 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 in the company, 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 have sold 12,283 shares of company stock worth $796,241 in the last three months. Insiders own 0.38% of the company's stock.

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.