ProVise Management Group LLC Acquires 3,958 Shares of eBay Inc. (NASDAQ:EBAY)

ProVise Management Group LLC increased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,599 shares of the e-commerce company's stock after acquiring an additional 3,958 shares during the period. ProVise Management Group LLC's holdings in eBay were worth $8,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smithfield Trust Co grew its position in eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after purchasing an additional 153 shares in the last quarter. Cypress Wealth Services LLC grew its position 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 worth $216,000 after purchasing an additional 157 shares in the last quarter. IFP Advisors Inc grew its position in eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after purchasing an additional 163 shares in the last quarter. Capital Investment Advisors LLC grew its position in eBay by 4.1% in the 4th 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 in the last quarter. Finally, Bailard Inc. grew its position in eBay by 0.5% in the 4th 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. Institutional investors and hedge funds own 87.48% of the company's stock.

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eBay Price Performance

NASDAQ:EBAY traded down $0.56 during trading hours on Friday, hitting $65.78. The stock had a trading volume of 15,353,333 shares, compared to its average volume of 4,754,177. The company has a 50 day simple moving average of $66.99 and a two-hundred day simple moving average of $64.68. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, March 14th. eBay's payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

EBAY has been the subject of several research analyst reports. Morgan Stanley raised their price target on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 price target for the company. Cantor Fitzgerald raised their price target on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of eBay from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Finally, Citigroup raised their price target on shares of eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Two equities 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 company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $65.54.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction 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 sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,241 shares of company stock valued at $1,061,665. Insiders own 0.38% of the company's stock.

eBay 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.