5,906 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,906 shares of the e-commerce company’s stock, valued at approximately $366,000.

Several other large investors have also modified their holdings of the company. Citizens Financial Group Inc. RI raised its position in eBay by 0.4% in the 4th quarter. Citizens Financial Group Inc. RI now owns 117,857 shares of the e-commerce company’s stock valued at $7,301,000 after purchasing an additional 429 shares during the last quarter. Meriwether Wealth & Planning LLC purchased a new stake in shares of eBay in the fourth quarter valued at about $942,000. Johnson Investment Counsel Inc. boosted its stake in shares of eBay by 1.6% during the fourth quarter. Johnson Investment Counsel Inc. now owns 13,482 shares of the e-commerce company’s stock worth $835,000 after buying an additional 210 shares during the period. AlphaQuest LLC grew its holdings in shares of eBay by 72,975.0% during the fourth quarter. AlphaQuest LLC now owns 2,923 shares of the e-commerce company’s stock worth $181,000 after buying an additional 2,919 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in eBay in the 4th quarter valued at about $179,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on EBAY. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and lowered their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price objective on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Stifel Nicolaus reduced their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, Citigroup boosted their price target on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Stock Performance

eBay stock opened at $65.28 on Friday. The stock has a fifty day moving average price of $66.97 and a 200 day moving average price of $64.41. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The firm has a market capitalization of $30.42 billion, a P/E ratio of 16.40, a PEG ratio of 2.22 and a beta of 1.45. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,524 shares of company stock valued at $1,390,509. Insiders own 0.38% of the company’s stock.

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.