Isthmus Partners LLC Has $14.63 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Isthmus Partners LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,176 shares of the e-commerce company’s stock after selling 3,277 shares during the quarter. eBay comprises 1.8% of Isthmus Partners LLC’s portfolio, making the stock its 15th largest holding. Isthmus Partners LLC’s holdings in eBay were worth $14,631,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of eBay in the 3rd quarter worth approximately $105,506,000. Raymond James Financial Inc. acquired a new position in eBay in the fourth quarter valued at about $96,214,000. Amundi grew its stake in eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after buying an additional 677,389 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after buying an additional 463,015 shares in the last quarter. Finally, DJE Kapital AG acquired a new stake in shares of eBay during the fourth quarter worth approximately $26,833,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

EBAY stock opened at $70.51 on Monday. The company’s 50-day moving average price is $66.60 and its two-hundred day moving average price is $64.21. The firm has a market cap of $32.86 billion, a P/E ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wedbush assumed coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Wells Fargo & Company upped their price objective on shares of eBay from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Benchmark upped their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.54.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,524 shares of company stock worth $1,390,509 in the last ninety days. Company insiders own 0.38% of the company’s stock.

About eBay

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.