Xponance Inc. Has $5.34 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Xponance Inc. increased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,190 shares of the e-commerce company's stock after purchasing an additional 4,813 shares during the period. Xponance Inc.'s holdings in eBay were worth $5,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter worth about $27,000. Quarry LP bought a new stake in eBay in the 3rd quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the 4th quarter worth approximately $36,000. Versant Capital Management Inc grew its stake in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. raised its holdings in shares of eBay by 37.8% in 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 last quarter. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of NASDAQ EBAY traded up $0.76 during mid-day trading on Monday, reaching $66.54. The company had a trading volume of 4,208,986 shares, compared to its average volume of 4,751,980. The firm has a market cap 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 business's 50-day simple moving average is $66.99 and its 200 day simple moving average is $64.72. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

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eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.29 dividend. This is a positive change 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 currently 29.07%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EBAY shares. Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They set a "neutral" rating and a $70.00 target price for the company. JMP Securities restated a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Benchmark raised their price objective on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Bank of America dropped their target price on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Finally, Cantor Fitzgerald raised their price target on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $65.54.

Insider Activity

In other eBay news, 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 value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is currently owned by corporate insiders.

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.