Royal London Asset Management Ltd. Has $13.59 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Royal London Asset Management Ltd. increased its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,401 shares of the e-commerce company's stock after buying an additional 19,221 shares during the quarter. Royal London Asset Management Ltd.'s holdings in eBay were worth $13,592,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Smithfield Trust Co grew its position in shares of eBay by 3.6% during the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after acquiring an additional 153 shares during the last quarter. Cypress Wealth Services LLC boosted its stake in eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after purchasing an additional 157 shares during the period. 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 during the last quarter. Capital Investment Advisors LLC increased its stake in shares of eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock valued at $262,000 after purchasing an additional 167 shares during the period. Finally, Bailard Inc. raised its holdings in shares of eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock valued at $2,147,000 after buying an additional 169 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

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eBay Trading Down 0.4 %

NASDAQ EBAY traded down $0.24 on Tuesday, hitting $66.30. 4,083,981 shares of the stock were exchanged, compared to its average volume of 4,748,370. The company's 50-day moving average price is $67.04 and its two-hundred day moving average price is $64.82. 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 52-week low of $48.52 and a 52-week high of $71.61. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.75%. eBay's payout ratio is currently 29.07%.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,241 shares of company stock valued at $1,061,665. Company insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent analyst reports. Morgan Stanley increased their price objective on eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Cantor Fitzgerald lifted their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Susquehanna increased their target price on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, Citigroup raised their target price on shares of eBay from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Two research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.54.

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.