15,206 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Meriwether Wealth & Planning LLC

Meriwether Wealth & Planning LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 4th quarter, Holdings Channel.com reports. The firm purchased 15,206 shares of the e-commerce company’s stock, valued at approximately $942,000.

Several other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter valued at $27,000. Quarry LP purchased a new stake in eBay in the 3rd quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new stake in eBay in the 4th quarter valued at $36,000. Versant Capital Management Inc grew its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. grew its holdings in eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 230 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on EBAY. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Wedbush began coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. BMO Capital Markets upped their price target on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Citigroup upped their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company upped their price target on eBay from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $65.54.

eBay Price Performance

Shares of NASDAQ EBAY opened at $70.51 on Monday. The stock’s 50-day moving average is $66.60 and its two-hundred day moving average is $64.21. 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 1-year low of $48.52 and a 1-year high of $71.61. The company has a market cap of $32.86 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm 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 $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is presently 29.07%.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,524 shares of company stock worth $1,390,509. 0.38% of the stock is currently owned by insiders.

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.