GeoWealth Management LLC Has $589,000 Position in eBay Inc. (NASDAQ:EBAY)

GeoWealth Management LLC boosted its position in eBay Inc. (NASDAQ:EBAY) by 53.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,505 shares of the e-commerce company’s stock after acquiring an additional 3,301 shares during the quarter. GeoWealth Management LLC’s holdings in eBay were worth $589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in eBay in the fourth quarter worth approximately $27,000. New Wave Wealth Advisors LLC bought a new stake in eBay during the fourth quarter valued at about $36,000. Lee Danner & Bass Inc. purchased a new position in eBay in the 4th quarter worth approximately $40,000. Versant Capital Management Inc increased its holdings in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. increased its stake in eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 represents a 30.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,310 shares of company stock valued at $3,121,626 in the last three months. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Benchmark lifted their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company decreased their price target on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. UBS Group lifted their price target on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Stifel Nicolaus decreased their price target on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, Cantor Fitzgerald increased their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating 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 issued a buy rating to the company. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $65.13.

eBay Stock Up 1.2 %

Shares of NASDAQ EBAY opened at $66.26 on Monday. eBay Inc. has a 1 year low of $48.52 and a 1 year 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 company has a 50 day simple moving average of $66.30 and a 200-day simple moving average of $64.96. The company has a market capitalization of $30.88 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.29 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.75%. 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.