Swiss National Bank Sells 108,600 Shares of eBay Inc. (NASDAQ:EBAY)

Swiss National Bank decreased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,381,400 shares of the e-commerce company's stock after selling 108,600 shares during the period. Swiss National Bank owned 0.29% of eBay worth $85,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smithfield Trust Co increased its position in shares of eBay by 3.6% during 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 during the last quarter. Cypress Wealth Services LLC raised its position in eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after acquiring an additional 157 shares in the last quarter. IFP Advisors Inc lifted its stake in eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock valued at $150,000 after acquiring an additional 163 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock valued at $262,000 after acquiring an additional 167 shares during the period. Finally, Bailard Inc. increased its stake in shares of eBay by 0.5% during 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 during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

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eBay Trading Up 3.0 %

eBay stock traded up $1.96 during trading hours on Wednesday, hitting $67.20. The stock had a trading volume of 5,934,663 shares, compared to its average volume of 4,745,736. The business's 50 day simple moving average is $67.10 and its 200-day simple moving average is $64.56. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The stock has a market cap of $31.32 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.73%. eBay's dividend payout ratio (DPR) is currently 29.07%.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,283 shares of company stock valued at $796,241 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EBAY shares. UBS Group boosted their price target on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Wedbush began coverage on eBay in a research note on Monday, December 9th. They issued a "neutral" rating and a $70.00 price target on the stock. StockNews.com upgraded shares of eBay from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Needham & Company LLC restated a "buy" rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.