WBI Investments LLC Invests $1.76 Million in eBay Inc. (NASDAQ:EBAY)

WBI Investments LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 28,402 shares of the e-commerce company's stock, valued at approximately $1,760,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. Kestra Investment Management LLC lifted its position in eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock valued at $692,000 after acquiring an additional 7,074 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock valued at $8,800,000 after acquiring an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after buying an additional 2,110 shares during the period. Proficio Capital Partners LLC purchased a new position in eBay in the fourth quarter worth $8,644,000. Finally, TCW Group Inc. grew its holdings in shares of eBay by 45.8% during the fourth quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company's stock valued at $3,339,000 after buying an additional 16,919 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Price Performance

eBay stock traded up $0.57 during midday trading on Thursday, reaching $72.15. 4,064,653 shares of the stock traded hands, compared to its average volume of 4,991,490. The stock has a market cap of $33.26 billion, a P/E ratio of 18.13, a PEG ratio of 2.22 and a beta of 1.30. eBay Inc. has a 12 month low of $51.38 and a 12 month high of $72.94. The stock's fifty day moving average is $66.92 and its 200-day moving average is $65.69. 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 (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. eBay's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.61%. eBay's dividend payout ratio (DPR) is presently 27.62%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EBAY shares. Needham & Company LLC upped their price objective on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. TD Securities increased their target price on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of eBay from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Wells Fargo & Company raised their price objective on shares of eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Finally, Cantor Fitzgerald lifted their target price on shares of eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.42.

Insider Activity

In related news, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the transaction, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock valued at $12,943,715 in the last quarter. 0.64% of the stock is currently owned by company insiders.

eBay Company 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.