Banco Santander S.A. Has $244,000 Stake in eBay Inc. (NASDAQ:EBAY)

Banco Santander S.A. lessened its position in eBay Inc. (NASDAQ:EBAY) by 64.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,932 shares of the e-commerce company’s stock after selling 7,241 shares during the period. Banco Santander S.A.’s holdings in eBay were worth $244,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in eBay in the 3rd quarter valued at approximately $105,506,000. Raymond James Financial Inc. bought a new stake in eBay during the 4th quarter worth approximately $96,214,000. Allianz Asset Management GmbH increased its position in eBay by 23.2% in the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after acquiring an additional 463,015 shares during the period. DJE Kapital AG bought a new position in shares of eBay during the fourth quarter valued at $26,833,000. Finally, Candriam S.C.A. raised its stake in shares of eBay by 94.4% during the fourth quarter. Candriam S.C.A. now owns 812,571 shares of the e-commerce company’s stock valued at $50,339,000 after acquiring an additional 394,588 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Price Performance

Shares of EBAY opened at $68.19 on Tuesday. The business’s fifty day moving average is $66.72 and its 200 day moving average is $64.28. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $31.78 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio (DPR) is 29.07%.

Analysts Set New Price Targets

EBAY has been the topic of several analyst reports. Morgan Stanley increased their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. Barclays set a $72.00 price objective on eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Benchmark upped their target price on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Bank of America lowered their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $65.54.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,524 shares of company stock worth $1,390,509 in the last quarter. Insiders own 0.38% of the company’s stock.

About eBay

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.