Quantessence Capital LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,895 shares of the e-commerce company's stock, valued at approximately $861,000.
Several other large investors also recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC purchased a new stake in eBay in the fourth quarter worth about $27,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay in the 4th quarter worth approximately $36,000. Transce3nd LLC bought a new position in shares of eBay during the fourth quarter valued at approximately $36,000. Lee Danner & Bass Inc. purchased a new position in eBay during the fourth quarter valued at approximately $40,000. Finally, Versant Capital Management Inc raised its stake in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after buying an additional 448 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,310 shares of company stock valued at $3,121,626 over the last 90 days. Insiders own 0.38% of the company's stock.
eBay Stock Performance
NASDAQ:EBAY traded up $0.63 during midday trading on Friday, hitting $67.83. The company's stock had a trading volume of 4,200,775 shares, compared to its average volume of 4,956,502. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $31.61 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.22 and a beta of 1.43. The firm's 50 day moving average is $66.05 and its 200-day moving average is $64.98.
eBay Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is presently 29.07%.
Analyst Ratings Changes
Several brokerages have issued reports on EBAY. Cantor Fitzgerald increased their target price on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Citigroup dropped their price objective on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday. JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Susquehanna increased their price target on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, Morgan Stanley cut their price objective on shares of eBay from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.79.
Check Out Our Latest Research Report 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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