Stifel Financial Corp Sells 8,117 Shares of eBay Inc. (NASDAQ:EBAY)

Stifel Financial Corp lowered its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 973,625 shares of the e-commerce company's stock after selling 8,117 shares during the quarter. Stifel Financial Corp owned 0.20% of eBay worth $60,317,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EBAY. Golden State Wealth Management LLC purchased a new stake in shares of eBay in the fourth quarter valued at $27,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the fourth quarter valued at $36,000. Transce3nd LLC purchased a new stake in eBay in the 4th quarter worth about $36,000. Lee Danner & Bass Inc. acquired a new stake in eBay during the 4th quarter worth about $40,000. Finally, Versant Capital Management Inc grew its stake in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Stock Performance

EBAY traded up $0.57 during midday trading on Thursday, reaching $67.20. The company's stock had a trading volume of 4,759,517 shares, compared to its average volume of 4,957,542. 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 has a market cap of $31.32 billion, a P/E ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.43. The company has a fifty day simple moving average of $66.09 and a 200 day simple moving average of $64.98. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.73%. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay's payout ratio is currently 29.07%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of eBay from $71.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded shares of eBay from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. UBS Group boosted their price target on shares of eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Sanford C. Bernstein lowered eBay from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $70.00 to $65.00 in a report on Tuesday. Finally, Bank of America lowered their target price on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $64.83.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company'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 transaction 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 position. The disclosure for this sale can be found here. Insiders sold a total of 46,310 shares of company stock valued at $3,121,626 over the last ninety days. 0.38% of the stock is owned by company insiders.

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.