Sagespring Wealth Partners LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Sagespring Wealth Partners LLC bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,046 shares of the e-commerce company's stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in eBay in the 4th quarter worth about $27,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay in the fourth quarter worth approximately $36,000. Lee Danner & Bass Inc. purchased a new position in shares of eBay during the fourth quarter valued at approximately $40,000. Versant Capital Management Inc raised its holdings in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in eBay by 37.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 230 shares during the period. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

EBAY traded down $0.21 during trading on Monday, hitting $66.05. 484,851 shares of the company traded hands, compared to its average volume of 4,934,177. The company has a market cap of $30.78 billion, a PE ratio of 16.61, a P/E/G ratio of 2.22 and a beta of 1.43. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock's 50-day simple moving average is $66.30 and its two-hundred day simple moving average is $64.96.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.76%. This is a boost from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay's payout ratio is 29.07%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at $39,153,665.80. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,310 shares of company stock worth $3,121,626. Corporate insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of eBay from a "buy" rating to a "hold" rating in a research note on Friday. BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC restated a "buy" rating and set a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Finally, UBS Group increased their price objective on shares of eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $65.13.

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.