Oak Associates Ltd. OH Has $19.88 Million Stake in eBay Inc. (NASDAQ:EBAY)

Oak Associates Ltd. OH lessened its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 320,976 shares of the e-commerce company's stock after selling 40,784 shares during the quarter. eBay comprises approximately 1.4% of Oak Associates Ltd. OH's holdings, making the stock its 21st largest position. Oak Associates Ltd. OH owned about 0.07% of eBay worth $19,884,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Argent Trust Co boosted its position in eBay by 4.9% during the fourth quarter. Argent Trust Co now owns 25,520 shares of the e-commerce company's stock worth $1,581,000 after purchasing an additional 1,203 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of eBay by 7.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 245,028 shares of the e-commerce company's stock worth $15,179,000 after buying an additional 17,730 shares during the period. Neuberger Berman Group LLC grew its stake in eBay by 4.2% in the 4th quarter. Neuberger Berman Group LLC now owns 176,410 shares of the e-commerce company's stock valued at $10,929,000 after buying an additional 7,134 shares during the last quarter. Bessemer Group Inc. raised its holdings in eBay by 1.1% in the 4th quarter. Bessemer Group Inc. now owns 98,949 shares of the e-commerce company's stock worth $6,130,000 after acquiring an additional 1,059 shares during the period. Finally, DRW Securities LLC bought a new position in eBay in the 4th quarter worth $260,000. Institutional investors and hedge funds own 87.48% of the company's stock.

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eBay Price Performance

eBay stock traded down $0.07 on Tuesday, reaching $66.00. The company's stock had a trading volume of 1,263,655 shares, compared to its average volume of 4,942,287. The business's fifty day moving average price is $66.47 and its 200 day moving average price is $64.94. 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 company has a market cap of $30.76 billion, a price-to-earnings ratio of 16.58, a PEG 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.76%. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is currently 29.07%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EBAY shares. Stifel Nicolaus lowered their price target on eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Barclays set a $72.00 target price on eBay and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company dropped their price target on eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Cantor Fitzgerald increased their price objective on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $65.21.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares of the company's stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,176 shares of company stock worth $3,111,432. 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.