eBay Inc. (NASDAQ:EBAY) Shares Acquired by Smith Moore & CO.

Smith Moore & CO. lifted its stake in eBay Inc. (NASDAQ:EBAY) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,406 shares of the e-commerce company’s stock after purchasing an additional 279 shares during the quarter. Smith Moore & CO.’s holdings in eBay were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EBAY. Nordea Investment Management AB increased its stake in eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of eBay by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock valued at $367,767,000 after buying an additional 82,904 shares during the last quarter. Boston Partners raised its stake in eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock worth $362,823,000 after acquiring an additional 1,524,691 shares during the last quarter. Amundi raised its stake in eBay by 16.8% in the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after acquiring an additional 677,389 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in eBay by 23.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after purchasing an additional 463,015 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay 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 completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,676 shares of company stock worth $2,613,807. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Susquehanna upped their price target on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Wells Fargo & Company cut their price target on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group boosted their price objective on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine 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 target price of $65.46.

eBay Price Performance

eBay stock opened at $62.40 on Monday. The firm has a market capitalization of $29.08 billion, a PE ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The firm’s 50-day simple moving average is $67.26 and its 200 day simple moving average is $65.04. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.86%. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is presently 29.07%.

eBay Company 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.