HM Payson & Co. Has $177,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

HM Payson & Co. increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,856 shares of the e-commerce company’s stock after acquiring an additional 201 shares during the quarter. HM Payson & Co.’s holdings in eBay were worth $177,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of eBay during the 4th quarter worth approximately $27,000. Quarry LP acquired a new position in shares of eBay during the 3rd quarter worth approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the 4th quarter worth approximately $36,000. Versant Capital Management Inc increased its holdings in shares of 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. increased its holdings in shares of 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. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This represents a 5.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was 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 directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 21,524 shares of company stock worth $1,390,509 in the last ninety days. 0.38% of the stock is owned by insiders.

eBay Price Performance

Shares of EBAY stock opened at $70.51 on Monday. 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 twelve month low of $48.52 and a twelve month high of $71.61. The company 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 business has a fifty day simple moving average of $66.60 and a 200 day simple moving average of $64.21.

eBay Increases Dividend

The firm 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 is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio is currently 29.07%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Cantor Fitzgerald boosted their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. UBS Group boosted their price target on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, BMO Capital Markets boosted their price target on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Two investment 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $65.54.

eBay 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.