World Investment Advisors Raises Stake in eBay Inc. (NASDAQ:EBAY)

World Investment Advisors lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 48,657 shares of the e-commerce company’s stock after buying an additional 3,390 shares during the period. World Investment Advisors’ holdings in eBay were worth $3,014,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new position in shares of eBay during the 4th quarter worth $27,000. Quarry LP purchased a new position in eBay during the third quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay in the 4th quarter worth about $36,000. Lee Danner & Bass Inc. purchased a new stake in eBay in the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc increased its stake in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

EBAY stock opened at $62.40 on Friday. The stock’s 50 day simple moving average is $67.26 and its 200 day simple moving average is $65.03. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The firm has a market cap of $29.08 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

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 represents a $1.16 dividend on an annualized basis and a dividend yield of 1.86%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio is 29.07%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EBAY shares. Stifel Nicolaus lowered their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company 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. Citigroup increased their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price target on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $65.46.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,676 shares of company stock worth $2,613,807. 0.38% of the stock is currently owned by 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.