Ossiam Decreases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Ossiam lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 9.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,154 shares of the e-commerce company’s stock after selling 2,800 shares during the quarter. Ossiam’s holdings in eBay were worth $1,744,000 at the end of the most recent quarter.

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

eBay Stock Up 1.2 %

EBAY opened at $66.26 on Monday. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. 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 has a 50 day moving average price of $66.30 and a 200-day moving average price of $64.96. The stock has a market capitalization of $30.88 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EBAY. Susquehanna lifted their target price on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Citigroup boosted their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, eBay presently has a consensus rating of “Hold” and an average target price of $65.13.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock worth $3,121,626 in the last ninety days. Insiders own 0.38% of the company’s stock.

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.