Johnson Investment Counsel Inc. Purchases 210 Shares of eBay Inc. (NASDAQ:EBAY)

Johnson Investment Counsel Inc. grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,482 shares of the e-commerce company’s stock after buying an additional 210 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in eBay were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EBAY. Assetmark Inc. grew its stake in eBay by 10.5% during the third quarter. Assetmark Inc. now owns 18,311 shares of the e-commerce company’s stock worth $1,192,000 after buying an additional 1,733 shares during the last quarter. Atria Investments Inc grew its stake in shares of eBay by 1.5% during the third quarter. Atria Investments Inc now owns 73,188 shares of the e-commerce company’s stock valued at $4,765,000 after purchasing an additional 1,066 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of eBay during the third quarter valued at approximately $217,000. Ashton Thomas Securities LLC bought a new stake in shares of eBay during the third quarter valued at approximately $164,000. Finally, GSA Capital Partners LLP bought a new stake in shares of eBay during the third quarter valued at approximately $865,000. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Susquehanna increased their price target 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. UBS Group increased their price target on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus decreased their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, Citigroup increased their price objective on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $65.54.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The shares were 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 $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders sold 21,524 shares of company stock valued at $1,390,509 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Down 0.1 %

Shares of EBAY stock opened at $65.13 on Thursday. The firm has a fifty day moving average of $66.85 and a 200-day moving average of $64.33. 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 12-month low of $48.52 and a 12-month high of $71.61. The company has a market capitalization of $30.35 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.78%. eBay’s dividend payout ratio is currently 29.07%.

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.