eBay Inc. (NASDAQ:EBAY) Shares Sold by Fmr LLC

Fmr LLC decreased its position in eBay Inc. (NASDAQ:EBAY) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,945,560 shares of the e-commerce company’s stock after selling 326,164 shares during the period. Fmr LLC owned approximately 0.61% of eBay worth $182,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of EBAY. M&T Bank Corp lifted its stake in shares of eBay by 1.2% in the 3rd quarter. M&T Bank Corp now owns 44,174 shares of the e-commerce company’s stock valued at $2,876,000 after purchasing an additional 540 shares during the period. TD Private Client Wealth LLC lifted its position in shares of eBay by 10.9% in the third quarter. TD Private Client Wealth LLC now owns 5,462 shares of the e-commerce company’s stock valued at $356,000 after acquiring an additional 538 shares in the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in eBay in the 3rd quarter valued at $203,000. Sanctuary Advisors LLC boosted its position in eBay by 72.2% during the third quarter. Sanctuary Advisors LLC now owns 52,310 shares of the e-commerce company’s stock worth $3,308,000 after acquiring an additional 21,940 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $2,947,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was 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 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 filing with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. In the last three months, insiders sold 46,176 shares of company stock valued at $3,111,432. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EBAY. Barclays set a $72.00 price target on shares of eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Stifel Nicolaus lowered their price target on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Citigroup boosted their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, UBS Group increased their price objective on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $65.21.

eBay Price Performance

eBay stock opened at $64.58 on Friday. The stock has a market capitalization of $30.09 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The business has a 50 day simple moving average of $66.50 and a 200-day simple moving average of $64.92.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors 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. This represents a $1.16 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio is currently 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.