NEOS Investment Management LLC Grows Position in eBay Inc. (NASDAQ:EBAY)

NEOS Investment Management LLC increased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 31.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,186 shares of the e-commerce company's stock after buying an additional 7,466 shares during the quarter. NEOS Investment Management LLC's holdings in eBay were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of EBAY. Smithfield Trust Co lifted its holdings in shares of 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 acquiring an additional 153 shares during the last quarter. Cypress Wealth Services LLC lifted its stake in 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 purchasing an additional 157 shares during the last quarter. IFP Advisors Inc boosted 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 buying an additional 163 shares during the period. Capital Investment Advisors LLC grew its stake in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock valued at $262,000 after buying an additional 167 shares during the last quarter. Finally, Bailard Inc. increased its holdings in shares of eBay by 0.5% in the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock worth $2,147,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EBAY shares. 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 report on Thursday, February 27th. Bank of America dropped their price objective on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Barclays set a $72.00 price target on shares of eBay and gave the company an "overweight" rating in a report on Thursday, February 27th. Stifel Nicolaus cut their price target on shares of eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $65.54.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Up 0.8 %

Shares of NASDAQ EBAY traded up $0.57 on Monday, reaching $67.73. 5,533,345 shares of the company's stock traded hands, compared to its average volume of 4,858,933. The business's 50 day simple moving average is $67.11 and its two-hundred day simple moving average is $64.95. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The business also recently disclosed 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 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 yield of 1.71%. eBay's payout ratio is presently 29.07%.

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.