Pitcairn Co. Boosts Stake in eBay Inc. (NASDAQ:EBAY)

Pitcairn Co. grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,572 shares of the e-commerce company’s stock after buying an additional 576 shares during the quarter. Pitcairn Co.’s holdings in eBay were worth $4,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board boosted its position in eBay by 9.5% in the third quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company’s stock worth $1,273,000 after purchasing an additional 1,700 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of eBay during the 3rd quarter worth $1,720,000. Atom Investors LP boosted its holdings in shares of eBay by 142.9% in the 3rd quarter. Atom Investors LP now owns 13,093 shares of the e-commerce company’s stock worth $852,000 after buying an additional 7,702 shares during the last quarter. Benjamin Edwards Inc. grew its position in eBay by 4.2% during the third quarter. Benjamin Edwards Inc. now owns 13,324 shares of the e-commerce company’s stock valued at $868,000 after buying an additional 543 shares during the period. Finally, Ascent Group LLC increased its holdings in eBay by 16.7% during the third quarter. Ascent Group LLC now owns 12,426 shares of the e-commerce company’s stock worth $809,000 after buying an additional 1,779 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

eBay stock opened at $67.42 on Thursday. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $31.42 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The firm’s fifty day moving average price is $67.27 and its 200-day moving average price is $65.03.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.72%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay 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 trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,616 shares of company stock valued at $710,777 over the last 90 days. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EBAY shares. Citigroup boosted their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. Bank of America decreased their target price on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Morgan Stanley upped their price target on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Barclays set a $72.00 price target on eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.46.

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.