Pictet Asset Management Holding SA Purchases 14,316 Shares of eBay Inc. (NASDAQ:EBAY)

Pictet Asset Management Holding SA boosted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 286,438 shares of the e-commerce company's stock after purchasing an additional 14,316 shares during the period. Pictet Asset Management Holding SA owned about 0.06% of eBay worth $17,745,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Smithfield Trust Co lifted its position in shares of eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after buying an additional 153 shares during the last quarter. Cypress Wealth Services LLC raised its stake in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after acquiring an additional 157 shares during the period. IFP Advisors Inc lifted its holdings 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 purchasing an additional 163 shares during the last quarter. Capital Investment Advisors LLC boosted its position in eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after purchasing an additional 167 shares during the period. Finally, Bailard Inc. increased its stake 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 purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

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Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,033 shares of the 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 completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction 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 directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,676 shares of company stock valued at $2,613,807 over the last three months. Insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several analyst reports. Bank of America cut their price objective on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald raised their price target on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Wells Fargo & Company reduced their price target on eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Wednesday. StockNews.com cut eBay from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of "Hold" and a consensus target price of $65.46.

eBay Price Performance

Shares of EBAY stock traded down $3.96 during trading hours on Friday, hitting $62.40. 8,338,448 shares of the company's stock were exchanged, compared to its average volume of 4,879,330. The company has a market capitalization of $29.08 billion, a PE ratio of 15.68, a PEG 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 12-month low of $48.52 and a 12-month high of $71.61. The business's 50 day simple moving average is $67.26 and its 200-day simple moving average is $65.04.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.86%. eBay's 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.