eBay Inc. (NASDAQ:EBAY) Shares Acquired by Aviva PLC

Aviva PLC boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 380.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,395 shares of the e-commerce company’s stock after purchasing an additional 233,964 shares during the quarter. Aviva PLC owned approximately 0.06% of eBay worth $18,300,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. Wealth Enhancement Advisory Services LLC raised its stake 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 worth $3,489,000 after acquiring an additional 1,063 shares during the period. Kestra Investment Management LLC grew its stake in 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 increased its position 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 worth $8,800,000 after buying an additional 139,315 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 valued at $503,000 after acquiring an additional 2,110 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of eBay in the 4th quarter worth about $8,644,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Down 1.9 %

NASDAQ:EBAY opened at $61.19 on Tuesday. The stock has a market cap of $28.51 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $67.14 and its two-hundred day moving average is $65.03.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EBAY. Bank of America cut their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Wedbush initiated coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus decreased their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research 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 company’s stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $65.46.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the business’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 completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock worth $3,111,432 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

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.