Evoke Wealth LLC Purchases Shares of 4,236 eBay Inc. (NASDAQ:EBAY)

Evoke Wealth LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, HoldingsChannel reports. The fund purchased 4,236 shares of the e-commerce company’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EBAY. Golden State Wealth Management LLC purchased a new position in shares of eBay during the 4th quarter valued at about $27,000. Quarry LP purchased a new position in shares of eBay during the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC bought a new position in eBay during the 4th quarter worth approximately $36,000. Versant Capital Management Inc grew its position in eBay by 115.5% during the 4th 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 last quarter. Finally, Washington Trust Advisors Inc. grew its position in eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EBAY. Benchmark raised their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. JMP Securities restated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Bank of America reduced their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.54.

eBay Stock Performance

Shares of EBAY opened at $67.20 on Thursday. 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 one year low of $48.52 and a one year high of $71.61. The firm has a market capitalization of $31.32 billion, a P/E ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.45. The business has a fifty day moving average of $67.05 and a 200 day moving average of $64.58.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,283 shares of company stock valued at $796,241. 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.