Shelton Capital Management Grows Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Shelton Capital Management raised its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 139.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,417 shares of the e-commerce company's stock after purchasing an additional 101,103 shares during the period. Shelton Capital Management's holdings in eBay were worth $10,743,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay during the fourth quarter valued at about $27,000. Quarry LP bought a new stake in eBay during the 3rd quarter valued at approximately $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay during the fourth quarter valued at $36,000. Lee Danner & Bass Inc. bought a new stake in eBay during the fourth quarter worth about $40,000. Finally, Versant Capital Management Inc grew its stake in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after buying an additional 448 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business'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 transaction of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,033 shares of the firm's 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 completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,176 shares of company stock valued at $3,111,432 over the last ninety days. 0.38% of the stock is owned by company insiders.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on EBAY shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Cantor Fitzgerald upped their target price 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. BMO Capital Markets raised their price target on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Stifel Nicolaus lowered their price objective on eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $65.21.

eBay Trading Up 3.4 %

Shares of EBAY traded up $2.11 during mid-day trading on Friday, reaching $64.58. 5,545,795 shares of the company's stock traded hands, compared to its average volume of 4,952,542. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock's 50-day moving average is $66.50 and its two-hundred day moving average is $64.92. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The stock has a market cap of $30.09 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.80%. eBay's dividend payout ratio (DPR) is 29.07%.

About eBay

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.