Invesco Ltd. Lowers Stake in eBay Inc. (NASDAQ:EBAY)

Invesco Ltd. lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,813,573 shares of the e-commerce company's stock after selling 501,080 shares during the period. Invesco Ltd. owned approximately 1.63% of eBay worth $484,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock worth $3,489,000 after acquiring an additional 1,063 shares during the period. Kestra Investment Management LLC grew its position in eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after purchasing an additional 7,074 shares during the period. Van ECK Associates Corp raised its stake in eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock valued at $8,800,000 after buying an additional 139,315 shares during the last quarter. Jones Financial Companies Lllp raised its stake in eBay by 35.1% during the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after buying an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of eBay during the 4th quarter valued at $8,644,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

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Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company'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 completion of the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock worth $3,111,432 in the last three months. Corporate insiders own 0.38% of the company's stock.

eBay Trading Up 3.4 %

Shares of eBay stock traded up $2.11 during trading on Friday, hitting $64.58. The stock had a trading volume of 5,545,795 shares, compared to its average volume of 4,955,365. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The firm's fifty day simple moving average is $66.50 and its 200-day simple moving average is $64.93. The stock has a market cap of $30.09 billion, a PE ratio of 16.23, a PEG ratio of 2.22 and a beta of 1.43. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date was Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.80%. eBay's dividend payout ratio is presently 29.07%.

Analysts Set New Price Targets

Several brokerages recently commented on EBAY. JPMorgan Chase & Co. cut their price objective on eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley boosted their price target on eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research report on Wednesday. Barclays set a $72.00 target price on eBay and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Bank of America dropped their price target on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. 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 an average rating of "Hold" and a consensus target price of $65.21.

About eBay

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.