Farther Finance Advisors LLC Has $314,000 Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Farther Finance Advisors LLC lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 31.9% in the fourth quarter, HoldingsChannel reports. The fund owned 5,061 shares of the e-commerce company’s stock after selling 2,372 shares during the period. Farther Finance Advisors LLC’s holdings in eBay were worth $314,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sigma Planning Corp acquired a new stake in eBay in the 3rd quarter valued at $217,000. Oppenheimer & Co. Inc. acquired a new stake in shares of eBay in the third quarter valued at about $256,000. CIBC Asset Management Inc raised its holdings in eBay by 5.6% during the third quarter. CIBC Asset Management Inc now owns 72,357 shares of the e-commerce company’s stock worth $4,711,000 after acquiring an additional 3,841 shares in the last quarter. Natixis Advisors LLC boosted its position in eBay by 10.7% during the third quarter. Natixis Advisors LLC now owns 443,462 shares of the e-commerce company’s stock valued at $28,874,000 after purchasing an additional 42,790 shares during the last quarter. Finally, Accredited Investors Inc. bought a new position in eBay in the third quarter valued at approximately $218,000. 87.48% of the stock is owned by institutional investors.

eBay Stock Up 3.3 %

NASDAQ EBAY opened at $67.44 on Tuesday. The company has a market cap of $31.43 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $67.06 and a 200-day moving average of $64.52.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.72%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,283 shares of company stock valued at $796,241. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Benchmark upped their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Cantor Fitzgerald upped their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their price objective on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Bank of America lowered their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and cut their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, eBay currently has an average rating of “Hold” and an average target price of $65.54.

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.