eBay Inc. (NASDAQ:EBAY) Stock Position Lowered by Ostrum Asset Management
Ostrum Asset Management has reduced its stake in eBay Inc. (NASDAQ:EBAY) by 14.3% in Q4, now holding 69,993 shares valued at $4.34 million. Other investors have also adjusted their positions. eBay's stock opened at $66.26, with a market cap of $30.88 billion and a recent dividend increase to $0.29 per share. Insider trading activity includes sales by CFO Stephen J. Priest and CEO Jamie Iannone. Analysts have mixed ratings, with target prices ranging from $62 to $80.
Ostrum Asset Management lowered its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,993 shares of the e-commerce company's stock after selling 11,709 shares during the quarter. Ostrum Asset Management's holdings in eBay were worth $4,336,000 at the end of the most recent quarter.
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Several other large investors have also bought and sold shares of the company. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of eBay during the third quarter valued at $203,000. World Investment Advisors LLC purchased a new stake in eBay during the third quarter valued at about $2,947,000. Arvest Bank Trust Division acquired a new position in shares of eBay in the third quarter worth about $9,716,000. Wilmington Savings Fund Society FSB purchased a new position in shares of eBay in the third quarter worth approximately $241,000. Finally, Tidal Investments LLC raised its holdings in shares of eBay by 7.5% during the third quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock valued at $4,376,000 after acquiring an additional 4,677 shares during the period. Institutional investors own 87.48% of the company's stock.
eBay Stock Up 1.2 %
EBAY opened at $66.26 on Monday. The stock's fifty day simple moving average is $66.30 and its 200 day simple moving average is $64.96. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The stock has a market cap of $30.88 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. 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
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The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. 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 1.75%. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is 29.07%.
Insider Buying and Selling at eBay
In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Thursday, April 17th. The stock was 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 approximately $4,308,946.80. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were 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 owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock valued at $3,121,626 in the last three months. 0.38% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
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Several analysts have recently commented on EBAY shares. Citigroup raised their target price on eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. UBS Group raised their price objective on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Wells Fargo & Company dropped their target price on eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley decreased their price target on shares of eBay from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $65.13.
View Our Latest Analysis on eBay
About eBay
(Free Report)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.
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