iA Global Asset Management Inc. Trims Stock Position in eBay Inc. (NASDAQ:EBAY)

iA Global Asset Management Inc. lessened its stake in eBay Inc. (NASDAQ:EBAY) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,415 shares of the e-commerce company’s stock after selling 10,176 shares during the period. iA Global Asset Management Inc.’s holdings in eBay were worth $459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in eBay in the 4th quarter worth approximately $27,000. Quarry LP purchased a new position in eBay in the 3rd quarter worth approximately $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay in the 4th quarter worth approximately $36,000. Versant Capital Management Inc grew its stake in eBay by 115.5% in the 4th 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. Finally, Washington Trust Advisors Inc. grew its stake in eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after buying an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EBAY shares. Stifel Nicolaus cut their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research note 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 for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. JMP Securities restated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, Cantor Fitzgerald boosted their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.54.

eBay Stock Down 0.8 %

Shares of eBay stock opened at $65.78 on Friday. 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’s fifty day simple moving average is $66.99 and its two-hundred day simple moving average is $64.68. The company has a market cap of $30.65 billion, a P/E ratio of 16.53, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, March 14th. eBay’s payout ratio is presently 29.07%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is currently owned by company insiders.

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.