Victory Capital Management Inc. Raises Stake in eBay Inc. (NASDAQ:EBAY)

Victory Capital Management Inc. raised its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,936,508 shares of the e-commerce company's stock after buying an additional 82,904 shares during the period. Victory Capital Management Inc. owned about 1.24% of eBay worth $367,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in EBAY. Keybank National Association OH lifted its position in shares of eBay by 5.5% in the 4th quarter. Keybank National Association OH now owns 16,943 shares of the e-commerce company's stock worth $1,050,000 after purchasing an additional 879 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in shares of eBay by 6.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 13,504 shares of the e-commerce company's stock worth $837,000 after purchasing an additional 826 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of eBay by 11.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,549 shares of the e-commerce company's stock worth $3,132,000 after purchasing an additional 5,209 shares during the period. Fidelis Capital Partners LLC lifted its position in shares of eBay by 9.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,110 shares of the e-commerce company's stock worth $276,000 after purchasing an additional 364 shares during the period. Finally, DJE Kapital AG purchased a new stake in shares of eBay in the 4th quarter worth approximately $26,833,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Down 0.2 %

eBay stock traded down $0.12 during midday trading on Wednesday, hitting $66.55. 4,965,431 shares of the stock were exchanged, compared to its average volume of 4,872,727. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 2.22 and a beta of 1.45. The stock's 50-day simple moving average is $66.37 and its 200 day simple moving average is $64.00. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The company also recently disclosed 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. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, March 14th. eBay's dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,524 shares of company stock worth $1,390,509 over the last three months. Insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Benchmark increased their target price on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company upped their price target on shares of eBay from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Finally, Wedbush began coverage on shares of eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.