LSV Asset Management Cuts Stock Position in eBay Inc. (NASDAQ:EBAY)

LSV Asset Management lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,843,478 shares of the e-commerce company’s stock after selling 107,540 shares during the quarter. eBay makes up 1.0% of LSV Asset Management’s portfolio, making the stock its 17th largest position. LSV Asset Management’s holdings in eBay were worth $423,953,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of EBAY. Smithfield Trust Co lifted its stake in eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC increased 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 worth $216,000 after buying an additional 157 shares during the last quarter. IFP Advisors Inc raised its position in eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 163 shares during the period. Capital Investment Advisors LLC raised its position in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after purchasing an additional 167 shares during the period. Finally, Bailard Inc. increased its position in shares of eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after acquiring an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the business’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 transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % 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 over the last quarter. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of research reports. Cantor Fitzgerald lifted their target price on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Bank of America lowered their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Morgan Stanley increased their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. UBS Group increased their price target on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.21.

eBay Stock Up 4.1 %

eBay stock opened at $61.96 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’s fifty day moving average is $66.64 and its 200 day moving average is $64.94. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a market capitalization of $28.87 billion, a PE ratio of 15.57, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.87%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

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.