Korea Investment CORP Increases Position in eBay Inc. (NASDAQ:EBAY)

Korea Investment CORP increased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,319 shares of the e-commerce company's stock after buying an additional 87,970 shares during the quarter. Korea Investment CORP owned 0.09% of eBay worth $26,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smithfield Trust Co increased its holdings in shares of eBay by 3.6% during the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after acquiring an additional 153 shares in the last quarter. Cypress Wealth Services LLC grew its holdings in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after buying an additional 157 shares during the last quarter. IFP Advisors Inc increased its position in shares of eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock valued at $150,000 after acquiring an additional 163 shares during the period. Capital Investment Advisors LLC raised its stake in eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after acquiring an additional 167 shares during the last quarter. Finally, Bailard Inc. lifted its position in eBay by 0.5% during the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock worth $2,147,000 after acquiring an additional 169 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EBAY shares. Benchmark increased their price objective on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wedbush assumed coverage on shares of eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 price objective for the company. BMO Capital Markets increased their price objective 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. Stifel Nicolaus decreased their target price on shares of eBay from $64.00 to $63.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their price target on eBay from $58.00 to $60.00 and gave the stock a "neutral" rating in a research 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, the stock presently has a consensus rating of "Hold" and an average price target of $65.54.

eBay Price Performance

NASDAQ:EBAY traded up $0.57 during trading hours on Monday, hitting $67.73. 5,533,345 shares of the stock were exchanged, compared to its average volume of 4,858,933. The firm's fifty day moving average price is $67.11 and its 200 day moving average price is $64.95. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The company has a market cap of $31.56 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is presently 29.07%.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of eBay 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 completion of the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction dated 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 owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. 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. Corporate insiders own 0.38% of the company's stock.

eBay 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.