Marshall Wace LLP Has $130.42 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Marshall Wace LLP grew its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 304.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,105,270 shares of the e-commerce company's stock after purchasing an additional 1,584,404 shares during the period. Marshall Wace LLP owned 0.44% of eBay worth $130,421,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EBAY. Evergreen Capital Management LLC grew its holdings in eBay by 5.0% in the fourth quarter. Evergreen Capital Management LLC now owns 118,793 shares of the e-commerce company's stock valued at $7,359,000 after purchasing an additional 5,693 shares during the period. Bridgewater Associates LP boosted its holdings in eBay by 531.1% in the fourth quarter. Bridgewater Associates LP now owns 1,780,737 shares of the e-commerce company's stock valued at $110,317,000 after acquiring an additional 1,498,566 shares during the last quarter. Portolan Capital Management LLC increased its stake in eBay by 210.2% during the fourth quarter. Portolan Capital Management LLC now owns 238,132 shares of the e-commerce company's stock worth $14,752,000 after acquiring an additional 161,372 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of eBay in the 4th quarter worth about $6,112,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of eBay in the 4th quarter valued at about $673,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on EBAY. Benchmark raised their price target on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. BMO Capital Markets increased their target price on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note 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 investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, eBay has an average rating of "Hold" and a consensus price target of $65.13.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the transaction, the chief executive officer now owns 590,108 shares of the company's stock, valued at approximately $39,153,665.80. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of the firm's 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 transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. The trade was 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 46,310 shares of company stock valued at $3,121,626. Corporate insiders own 0.38% of the company's stock.

eBay Price Performance

Shares of NASDAQ:EBAY traded up $0.79 during trading on Friday, reaching $66.26. The company had a trading volume of 3,338,503 shares, compared to its average volume of 4,951,395. The firm's fifty day moving average is $66.30 and its 200 day moving average is $64.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $30.88 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This is a positive change from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, March 14th. eBay's dividend payout ratio (DPR) is presently 29.07%.

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.