Sei Investments Co. Has $20.96 Million Stake in eBay Inc. (NASDAQ:EBAY)

Sei Investments Co. grew its position in eBay Inc. (NASDAQ:EBAY) by 18.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338,318 shares of the e-commerce company’s stock after buying an additional 52,153 shares during the quarter. Sei Investments Co. owned 0.07% of eBay worth $20,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EBAY. Wealth Enhancement Advisory Services LLC raised its position in eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares in the last quarter. Kestra Investment Management LLC lifted its position in shares of eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after buying an additional 7,074 shares during the last quarter. Van ECK Associates Corp boosted its stake in eBay by 5,091.9% in 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 buying an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp grew its position in eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock valued at $503,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in eBay in the fourth quarter valued at about $8,644,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Down 1.1 %

Shares of NASDAQ EBAY opened at $65.58 on Thursday. 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 firm has a market cap of $30.56 billion, a PE ratio of 16.48, a P/E/G ratio of 2.22 and a beta of 1.45. The company’s fifty day simple moving average is $67.05 and its 200 day simple moving average is $64.83. 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. 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 1.77%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 29.07%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EBAY. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Morgan Stanley raised their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.54.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on 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 owns 542,248 shares in the company, valued at $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock worth $1,061,665 in the last three months. Company insiders own 0.38% of the company’s stock.

eBay 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.