Coldstream Capital Management Inc. Grows Holdings in eBay Inc. (NASDAQ:EBAY)

Coldstream Capital Management Inc. grew its position in eBay Inc. (NASDAQ:EBAY) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,578 shares of the e-commerce company’s stock after acquiring an additional 1,713 shares during the period. Coldstream Capital Management Inc.’s holdings in eBay were worth $2,885,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pine Valley Investments Ltd Liability Co acquired a new stake in eBay in the 3rd quarter valued at $203,000. World Investment Advisors LLC acquired a new stake in shares of eBay in the third quarter valued at about $2,947,000. Arvest Bank Trust Division purchased a new stake in shares of eBay during the third quarter worth about $9,716,000. Wilmington Savings Fund Society FSB acquired a new position in shares of eBay during the 3rd quarter worth about $241,000. Finally, Tidal Investments LLC lifted its stake in eBay by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company’s stock valued at $4,376,000 after buying an additional 4,677 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of eBay 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 completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Benchmark boosted their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. UBS Group raised 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. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America lowered their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, Morgan Stanley decreased their target price on shares of eBay from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.79.

eBay Trading Up 0.9 %

NASDAQ EBAY opened at $67.83 on Friday. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The firm has a 50 day simple moving average of $66.05 and a 200-day simple moving average of $64.97. The firm has a market cap of $31.61 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.71%. eBay’s payout ratio is 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.