Neuberger Berman Group LLC Acquires 7,134 Shares of eBay Inc. (NASDAQ:EBAY)

Neuberger Berman Group LLC raised its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,410 shares of the e-commerce company's stock after buying an additional 7,134 shares during the quarter. Neuberger Berman Group LLC's holdings in eBay were worth $10,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay during the 4th quarter valued at about $27,000. Quarry LP bought a new position in eBay in the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $36,000. Lee Danner & Bass Inc. acquired a new position in shares of eBay in the fourth quarter valued at approximately $40,000. Finally, Versant Capital Management Inc increased its position in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after acquiring an additional 448 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Analyst Ratings Changes

EBAY has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research note on Wednesday, April 9th. Morgan Stanley increased their target price on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. BMO Capital Markets lifted their price target on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company decreased their price objective on eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Two investment 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.com, the company currently has an average rating of "Hold" and an average price target of $65.21.

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Insiders Place Their Bets

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

eBay Price Performance

NASDAQ EBAY traded down $0.09 during midday trading on Tuesday, hitting $65.98. The company had a trading volume of 1,183,634 shares, compared to its average volume of 4,941,917. The firm has a 50-day moving average price of $66.47 and a 200-day moving average price of $64.94. The company has a market capitalization of $30.75 billion, a PE ratio of 16.58, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given 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 annualized dividend and a yield of 1.76%. eBay's dividend payout ratio is currently 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.