Harvest Fund Management Co. Ltd Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

Harvest Fund Management Co. Ltd lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 331.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,475 shares of the e-commerce company’s stock after acquiring an additional 17,263 shares during the period. Harvest Fund Management Co. Ltd’s holdings in eBay were worth $1,388,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in eBay during the 3rd quarter worth approximately $256,000. LMR Partners LLP acquired a new stake in shares of eBay during the third quarter worth $247,000. Pathstone Holdings LLC grew its holdings in shares of eBay by 2.2% during the third quarter. Pathstone Holdings LLC now owns 79,177 shares of the e-commerce company’s stock valued at $5,155,000 after buying an additional 1,696 shares during the last quarter. Caprock Group LLC increased its position in shares of eBay by 15.4% in the 3rd quarter. Caprock Group LLC now owns 60,771 shares of the e-commerce company’s stock valued at $3,957,000 after acquiring an additional 8,116 shares during the period. Finally, Prospera Financial Services Inc raised its stake in eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after acquiring an additional 62,719 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

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 stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,283 shares of company stock worth $796,241 in the last 90 days. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of several research analyst reports. Wells Fargo & Company reiterated an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. BMO Capital Markets upped their target price on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Stifel Nicolaus reduced their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Susquehanna lifted their price objective on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $65.54.

eBay Price Performance

Shares of NASDAQ EBAY opened at $67.20 on Thursday. 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 firm has a fifty day moving average of $67.05 and a 200 day moving average of $64.58. The firm has a market cap of $31.32 billion, a PE ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

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

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.