Mariner LLC Acquires 6,283 Shares of eBay Inc. (NASDAQ:EBAY)

Mariner LLC raised its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,109 shares of the e-commerce company's stock after purchasing an additional 6,283 shares during the quarter. Mariner LLC's holdings in eBay were worth $7,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Smithfield Trust Co boosted its position in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC lifted its stake in shares of eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after acquiring an additional 157 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of 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 acquiring an additional 163 shares in the last quarter. Capital Investment Advisors LLC grew its position in eBay by 4.1% during 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. increased its holdings 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 in the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Stock Down 0.2 %

Shares of NASDAQ:EBAY traded down $0.14 during trading on Wednesday, reaching $66.91. 1,550,395 shares of the stock were exchanged, compared to its average volume of 4,942,974. The stock has a fifty day moving average of $66.21 and a two-hundred day moving average of $64.97. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. 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 firm has a market cap of $31.18 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is currently 29.07%.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EBAY shares. Morgan Stanley cut their price target on eBay from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Susquehanna boosted their target price on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Benchmark raised their price target on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price objective on shares of eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $64.92.

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.