Proficio Capital Partners LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Proficio Capital Partners LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 139,537 shares of the e-commerce company's stock, valued at approximately $8,644,000.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock worth $3,489,000 after buying an additional 1,063 shares during the last quarter. Kestra Investment Management LLC raised its holdings in shares of eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after purchasing an additional 7,074 shares during the last quarter. Trustmark National Bank Trust Department acquired a new position in eBay during the third quarter valued at $1,307,000. Prospera Financial Services Inc boosted its holdings in eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock valued at $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of eBay by 5,091.9% in the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock valued at $8,800,000 after buying an additional 139,315 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on EBAY. Needham & Company LLC restated a "buy" rating and set a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Benchmark boosted their price objective on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com upgraded shares of eBay from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. UBS Group upped their price objective on shares of eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of eBay in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.54.

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Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,283 shares of company stock worth $796,241 over the last ninety days. Company insiders own 0.38% of the company's stock.

eBay Price Performance

eBay stock traded up $1.99 during trading hours on Wednesday, hitting $67.23. 3,528,365 shares of the company traded hands, compared to its average volume of 4,742,205. The firm's 50-day simple moving average is $67.10 and its two-hundred day simple moving average is $64.56. The firm has a market cap of $31.33 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. 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 company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued 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 is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.73%. 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.