eBay Inc. (NASDAQ:EBAY) Shares Sold by Lbp Am Sa

LBP AM SA decreased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,580 shares of the e-commerce company's stock after selling 36,991 shares during the period. LBP AM SA's holdings in eBay were worth $6,850,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in eBay by 10.5% during the third quarter. Assetmark Inc. now owns 18,311 shares of the e-commerce company's stock valued at $1,192,000 after buying an additional 1,733 shares during the last quarter. Sigma Planning Corp bought a new position in eBay during the third quarter valued at approximately $217,000. GSA Capital Partners LLP bought a new position in eBay during the third quarter valued at approximately $865,000. Aptus Capital Advisors LLC bought a new position in eBay during the third quarter valued at approximately $213,000. Finally, Oppenheimer & Co. Inc. bought a new position in eBay during the third quarter valued at approximately $256,000. Institutional investors own 87.48% of the company's stock.

eBay Stock Up 3.0 %

NASDAQ EBAY traded up $1.96 during midday trading on Wednesday, hitting $67.20. 5,934,674 shares of the company traded hands, compared to its average volume of 4,745,736. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $31.32 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company's 50-day simple moving average is $67.10 and its 200-day simple moving average is $64.56. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61.

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eBay Increases Dividend

The firm also recently disclosed 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 boost from eBay's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. eBay's dividend payout ratio (DPR) is presently 29.07%.

Analysts Set New Price Targets

A number of brokerages recently commented 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 note on Tuesday, December 10th. Benchmark upped their price objective on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley upped their price objective on eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 price target on shares of eBay in a report on Thursday, February 27th. Finally, Susquehanna increased their price target on eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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 Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now owns 542,248 shares of the company's stock, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 completion of the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,283 shares of company stock valued at $796,241 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

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.