eBay Inc. (NASDAQ:EBAY) Shares Purchased by LPL Financial LLC

LPL Financial LLC lifted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 319,118 shares of the e-commerce company's stock after buying an additional 43,675 shares during the period. LPL Financial LLC owned about 0.07% of eBay worth $19,769,000 as of its most recent SEC filing.

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

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Analyst Ratings Changes

A number of equities research analysts recently commented on EBAY shares. Bank of America decreased their target price on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Morgan Stanley upped their target price on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. StockNews.com downgraded shares of eBay from a "buy" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on eBay from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Finally, Barclays set a $72.00 price target on eBay and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $65.46.

eBay Stock Performance

Shares of EBAY stock traded down $3.96 on Friday, hitting $62.40. The company had a trading volume of 8,338,448 shares, compared to its average volume of 4,879,330. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $29.08 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a 50-day moving average price of $67.26 and a 200-day moving average price of $65.03.

eBay Increases Dividend

The business also recently declared 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 was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. eBay's payout ratio is presently 29.07%.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,676 shares of company stock worth $2,613,807. 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.