Lyrical Asset Management LP Acquires 48,402 Shares of eBay Inc. (NASDAQ:EBAY)

Lyrical Asset Management LP grew its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,036,934 shares of the e-commerce company's stock after buying an additional 48,402 shares during the quarter. eBay accounts for 3.7% of Lyrical Asset Management LP's portfolio, making the stock its 11th largest position. Lyrical Asset Management LP owned about 0.84% of eBay worth $250,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smithfield Trust Co grew its position 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 purchasing an additional 153 shares during the period. Cypress Wealth Services LLC grew its holdings in shares of eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after acquiring an additional 157 shares during the period. IFP Advisors Inc increased its position in eBay by 7.2% during the fourth 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 last quarter. Capital Investment Advisors LLC boosted its position in eBay by 4.1% in the fourth 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 during the last quarter. Finally, Bailard Inc. grew its stake in shares of eBay by 0.5% during the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock valued at $2,147,000 after purchasing an additional 169 shares during the period. Institutional investors own 87.48% of the company's stock.

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eBay Trading Up 0.7 %

Shares of NASDAQ:EBAY traded up $0.42 during trading on Thursday, reaching $62.38. The company's stock had a trading volume of 3,569,071 shares, compared to its average volume of 4,933,534. The stock has a market capitalization of $29.07 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm's 50 day simple moving average is $66.64 and its two-hundred day simple moving average is $64.94.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. This is a boost from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.86%. eBay's payout ratio is 29.07%.

Insider Activity

In related news, SVP Cornelius Boone sold 3,958 shares of eBay 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 transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. This trade 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 46,176 shares of company stock valued at $3,111,432. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday. Citigroup upped their price objective on eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. BMO Capital Markets lifted their target price on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Finally, StockNews.com upgraded eBay from a "hold" rating to a "buy" rating in a research report on Wednesday. Two equities 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. Based on data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and a consensus price target 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.