KLP Kapitalforvaltning AS Acquires New Shares in eBay Inc. (NASDAQ:EBAY)

KLP Kapitalforvaltning AS bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 324,046 shares of the e-commerce company's stock, valued at approximately $20,075,000. KLP Kapitalforvaltning AS owned 0.07% of eBay at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Sei Investments Co. raised its position in eBay by 18.2% in the fourth quarter. Sei Investments Co. now owns 338,318 shares of the e-commerce company's stock worth $20,959,000 after acquiring an additional 52,153 shares in the last quarter. American Century Companies Inc. grew its stake in shares of eBay by 27.9% during the 4th quarter. American Century Companies Inc. now owns 567,058 shares of the e-commerce company's stock worth $35,129,000 after purchasing an additional 123,856 shares during the period. Mizuho Securities USA LLC increased its holdings in eBay by 43.2% in the fourth quarter. Mizuho Securities USA LLC now owns 45,398 shares of the e-commerce company's stock valued at $2,812,000 after buying an additional 13,689 shares in the last quarter. Millstone Evans Group LLC purchased a new position in eBay in the 4th quarter valued at approximately $156,000. Finally, TD Private Client Wealth LLC increased its position in shares of eBay by 17.6% in the fourth quarter. TD Private Client Wealth LLC now owns 6,423 shares of the e-commerce company's stock valued at $398,000 after buying an additional 961 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EBAY shares. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Monday, December 16th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Barclays set a $72.00 target price on eBay and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets boosted their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.54.

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Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock valued at $1,061,665 in the last quarter. Insiders own 0.38% of the company's stock.

eBay Stock Down 0.4 %

Shares of eBay stock traded down $0.24 during trading on Tuesday, reaching $66.30. The company had a trading volume of 4,080,634 shares, compared to its average volume of 4,751,862. 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 fifty-two week low of $48.52 and a fifty-two week high of $71.61. The firm's fifty day moving average is $67.01 and its 200-day moving average is $64.77. The company has a market cap of $30.90 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend 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%.

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.