eBay Inc. (NASDAQ:EBAY) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 159,547 shares of the e-commerce company's stock after selling 49,040 shares during the quarter. National Bank of Canada FI's holdings in eBay were worth $9,886,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EBAY. Public Sector Pension Investment Board increased its position in shares of eBay by 9.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company's stock valued at $1,273,000 after acquiring an additional 1,700 shares during the period. Benjamin Edwards Inc. grew its stake in eBay by 4.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 13,324 shares of the e-commerce company's stock valued at $868,000 after purchasing an additional 543 shares during the last quarter. IHT Wealth Management LLC acquired a new position in shares of eBay in the third quarter valued at about $244,000. Quarry LP purchased a new position in shares of eBay in the third quarter worth about $36,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of eBay by 15.2% during the third quarter. Quantinno Capital Management LP now owns 81,538 shares of the e-commerce company's stock worth $5,309,000 after purchasing an additional 10,787 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Price Performance

Shares of NASDAQ:EBAY traded up $2.44 during trading on Wednesday, reaching $61.96. The stock had a trading volume of 10,104,100 shares, compared to its average volume of 4,938,313. The business has a fifty day moving average price of $66.64 and a 200-day moving average price of $64.94. 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 quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $28.87 billion, a PE ratio of 15.57, a PEG 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. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is 29.07%.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Stifel Nicolaus decreased their price objective on shares of eBay from $64.00 to $63.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Cantor Fitzgerald boosted their target price on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective on eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. Two 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. According to data from MarketBeat, eBay has a consensus rating of "Hold" and a consensus target price of $65.21.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the sale, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock valued at $3,111,432 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

eBay Company 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.