Northwest & Ethical Investments L.P. Has $4.65 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Northwest & Ethical Investments L.P. grew its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,972 shares of the e-commerce company's stock after acquiring an additional 6,072 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in eBay were worth $4,645,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in eBay during the third quarter worth $256,000. LMR Partners LLP bought a new position in shares of eBay during the 3rd quarter worth about $247,000. Pathstone Holdings LLC boosted its position in shares of eBay by 2.2% during the 3rd quarter. Pathstone Holdings LLC now owns 79,177 shares of the e-commerce company's stock valued at $5,155,000 after acquiring an additional 1,696 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in eBay by 4.2% in the third quarter. PNC Financial Services Group Inc. now owns 186,059 shares of the e-commerce company's stock valued at $12,114,000 after acquiring an additional 7,585 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in eBay by 125.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,630 shares of the e-commerce company's stock valued at $6,812,000 after acquiring an additional 58,165 shares during the period. Institutional investors own 87.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EBAY shares. JPMorgan Chase & Co. lifted their price objective on eBay from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Cantor Fitzgerald boosted their price target on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Benchmark lifted their price objective on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Two equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $65.54.

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Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 1,033 shares of eBay 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is currently owned by company insiders.

eBay Trading Down 0.4 %

Shares of eBay stock traded down $0.24 on Tuesday, hitting $66.30. 4,083,981 shares of the company's stock traded hands, compared to its average volume of 4,751,862. The firm's 50-day moving average price is $67.01 and its two-hundred day moving average price is $64.77. 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 stock has a market capitalization of $30.90 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.75%. eBay's dividend 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.