Grantham Mayo Van Otterloo & Co. LLC Has $51.67 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Grantham Mayo Van Otterloo & Co. LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 834,090 shares of the e-commerce company’s stock after selling 51,394 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.17% of eBay worth $51,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after buying an additional 1,063 shares during the period. Kestra Investment Management LLC increased its holdings in shares of eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after acquiring an additional 7,074 shares in the last quarter. Van ECK Associates Corp raised its position in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the period. Jones Financial Companies Lllp raised its position in shares of eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after purchasing an additional 2,110 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of eBay in the 4th quarter worth $8,644,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $62.40 on Friday. The firm has a market cap of $29.08 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. 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 company’s 50 day moving average is $67.26 and its 200-day moving average is $65.03. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. eBay’s payout ratio is presently 29.07%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,676 shares of company stock worth $2,613,807 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Benchmark boosted their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Susquehanna raised their price target on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, Morgan Stanley increased their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $65.46.

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.