New Age Alpha Advisors LLC Acquires Shares of 41,553 eBay Inc. (NASDAQ:EBAY)

New Age Alpha Advisors LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,553 shares of the e-commerce company’s stock, valued at approximately $2,574,000.

Several other institutional investors have also recently made changes to their positions in EBAY. Smithfield Trust Co grew its stake in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after purchasing an additional 153 shares during the period. Cypress Wealth Services LLC boosted its holdings in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares in the last quarter. IFP Advisors Inc grew its position in shares of eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after buying an additional 163 shares during the period. Capital Investment Advisors LLC increased its stake in shares of eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after acquiring an additional 167 shares in the last quarter. Finally, Bailard Inc. lifted its position in eBay by 0.5% during the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after acquiring an additional 169 shares during the period. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Finally, StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Two 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.54.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the company’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 $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock worth $1,061,665 in the last 90 days. 0.38% of the stock is currently owned by insiders.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $67.16 on Friday. The firm’s 50 day moving average price is $67.11 and its 200-day moving average price is $64.92. 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 capitalization of $31.30 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.73%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

eBay Company 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.